Continuing economic growth requires:
A)no monetary exchange
B)no technological progress
C)investment in plant and equipment
D)investment in plant, equipment, human capital, and technological progress

Question

Quizplus · Accepted Answer

Economic growth is a sustained increase in output of goods and services over time, which can be achieved through investment in plant, equipment, human capital, and technological progress. Investment in plant and equipment increases the productive capacity of the economy, investment in human capital enhances the skills and abilities of the workforce, and technological progress increases efficiency and productivity, leading to higher output and economic growth. Therefore, investment in plant, equipment, human capital, and technological progress is necessary for continued economic growth.

Continuing Economic Growth Requires