Historically, the three assets that combine to produce goods and services were land, labor, and capital. What is the main factor that still enables the United States to have the highest GDP and one of the highest levels of GDP per capita in the world today?

Question

Quizplus · Accepted Answer

Technology is a key factor that drives productivity and economic growth, enabling the United States to maintain a high GDP and GDP per capita by enhancing efficiency and innovation in producing goods and services.

Historically, the Three Assets That Combine to Produce Goods and Services