Which of the following would you expect to result in faster economic growth?
A)the invention of new computers that increase labor productivity
B)a decrease in the average level of education in the economy
C)a decrease in the stock of capital per worker
D)a decrease in research and development spending

Question

Quizplus · Accepted Answer

The invention of new computers that increase labor productivity would lead to faster economic growth since it would increase the efficiency and output of workers.

Note: B would result in slower economic growth since a decrease in average education level lowers the quality of the workforce. C would also lead to slower economic growth as there would be less capital for workers to use, leading to lower productivity. D would also result in slower economic growth as research and development spending drives innovation and technological advancements that increase economic productivity.

Which of the Following Would You Expect to Result in Faster