The development of a strain of wheat that will yield two crops per year rather than one crop per year is an example of economic growth resulting from
A) capital accumulation.
B) increased gross investment.
C) technological progress.
D) an increase in per capita real income.

Question

Quizplus · Accepted Answer

The development of a strain of wheat that yields two crops per year rather than one crop per year represents technological progress since it involves the development of a new, more efficient technology for crop production. This can increase output and economic growth without requiring additional capital or investment.

The Development of a Strain of Wheat That Will Yield