What determines the growth of capital, labor, and productivity?
A)the amount of resources devoted to research and development
B)growth of population
C)educational attainment and health of workers
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the above factors - resources devoted to research and development, population growth, educational attainment and health of workers - can influence the growth of capital, labor, and productivity. Research and development can lead to technological advancements and more efficient production processes, which can increase productivity. Population growth can increase the availability of labor, but can also strain resources if not managed properly. Educational attainment and health of workers can improve the quality and quantity of labor available, leading to higher productivity.

What Determines the Growth of Capital, Labor, and Productivity