For developed countries, which of the following is considered the most important driver in productivity growth?

Question

Quizplus · Accepted Answer

While all of these factors can contribute to productivity growth, technological progress is generally considered the most important driver in developed countries. This is because advancements in technology can lead to more efficient production processes and higher levels of output. Additionally, technological progress can also lead to the creation of new industries and products, further boosting productivity growth.

For Developed Countries, Which of the Following Is Considered the Most