If there was an increase in technology, real GDP growth would ____ and real GDP growth per capita would ____:

Question

Quizplus · Accepted Answer

An increase in technology leads to an increase in productivity, which in turn leads to an increase in real GDP growth. Real GDP growth per capita would also increase because the same amount of goods and services can be produced with fewer resources, leading to an increase in standard of living.

If There Was an Increase in Technology, Real GDP Growth