Technological advance is tightly intertwined with
A) capital formation.
B) household consumption.
C) government spending.
D) population growth.

Question

Quizplus · Accepted Answer

Technological advance requires investments in research and development, production of new technology, and infrastructure to support it. All of these require capital formation, which is the accumulation of wealth by households and businesses through savings and investments. Therefore, capital formation is essential for technological advance.

Technological Advance Is Tightly Intertwined with