Accumulating a greater number of inputs will ensure that an economy will experience economic growth.

Question

Quizplus · Accepted Answer

Economic growth is not simply about accumulating more inputs, but also about how efficiently those inputs are used. This is known as total factor productivity, which measures how much output can be produced with a given amount of inputs. Simply accumulating inputs without improving productivity will not lead to sustained economic growth.

Accumulating a Greater Number of Inputs Will Ensure That an Economy