Which of the following changes will NOT result in economic growth according to the production function?

Question

Quizplus · Accepted Answer

Increases in consumption spending may lead to short-term increases in economic activity, but they will not result in sustained economic growth as defined by the production function. Economic growth is defined as an increase in output over a long period of time and is determined by factors such as improvements in labor productivity, capital accumulation, and technological progress. Increases in consumption spending do not directly contribute to any of these factors.

Which of the Following Changes Will NOT Result in Economic