Which of the following would contribute to a sustained high rate of economic growth in the long run in an economy?

Question

Quizplus · Accepted Answer

Growth in capital per hour accompanied by technological change can result in improvements in productivity, which can lead to sustained economic growth in the long run. This can be achieved through investments in research and development, education and training, and infrastructure. Increases in labor force participation rates and a shift of workers to the nonagricultural sector may also contribute to economic growth, but they are not sufficient on their own without improvements in productivity. An influx of immigrant labor without any accompanying technological change may lead to short-run gains in output, but it is unlikely to result in sustained economic growth in the long run.

Which of the Following Would Contribute to a Sustained High