The three main reasons that the average U.S. worker today produces far more than his or her counterpart a century ago are more physical capital, more human capital, and a great deal of technological progress.

Question

Quizplus · Accepted Answer

The statement is true. The increased availability of physical capital (machinery, tools, equipment) and human capital (education, training, skills) combined with technological progress have significantly increased worker productivity.

The Three Main Reasons That the Average U