One basic way to boost the nation's growth rate is to
A)increase wages paid to labor.
B)slow the rate of technical progress.
C)reduce the population growth rate.
D)accumulate more capital

Question

Quizplus · Accepted Answer

Accumulating more capital, such as physical capital like buildings and equipment, as well as human capital like education and skills, can lead to increased productivity and economic growth. This can lead to increased output and higher living standards. Options A and B may have short-term effects, but are not sustainable in the long run. Option C may have ethical concerns and may not be feasible in some countries.

One Basic Way to Boost the Nation's Growth Rate Is