With the technological developments in the twenty-first century, productivity growth is no longer an important factor in economic well-being.

Question

Quizplus · Accepted Answer

While technological developments have certainly changed the nature of productivity growth and its measurement, it remains a crucial factor in economic well-being. As productivity increases, more goods and services can be produced with the same amount of inputs, leading to increased incomes, higher standards of living, and overall economic growth.

With the Technological Developments in the Twenty-First Century, Productivity Growth