Economists say that long-run economic growth is almost entirely due to:

Question

Quizplus · Accepted Answer

Long-run economic growth is mainly due to increasing productivity because it leads to greater output and increased efficiency over time. Population growth can contribute to short-term economic growth, but it does not lead to sustainable long-term growth. A democratically elected government and a balanced budget are important for a stable and healthy economy, but they do not directly contribute to long-run economic growth.

Economists Say That Long-Run Economic Growth Is Almost Entirely Due