If,as economist Alwyn Young has suggested,high growth rates in Singapore are not a result of technological progress,how are growth rates in Singapore expected to change over time?
A) Without technological progress,the high growth rates cannot be sustained.
B) As long as the labor force participation rate is rising,growth can still continue,despite a lack of technological progress.
C) As long as the amount of capital per hour worked continues to expand,the growth rate in Singapore will continue to rise at an increasing rate.
D) Agricultural workers will continue to expand their productivity,thereby allowing Singapore to achieve growth rates above those of higher-income countries.
Correct Answer:
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