Economic growth depends more on technological change than on increases on capital per hour worked.

Name: Economic growth depends more on technological change than on increases on capital per hour worked.
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Question

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Technological change is the primary driver of long-term economic growth, as it leads to increases in productivity and efficiency. While increases in capital per hour worked can contribute to short-term growth, sustained economic growth is typically driven by technological advancements and innovation.

Economic Growth Depends More on Technological Change Than on Increases