Which of the following statements is correct?
A)Growth of productivity is the main determinant of growth in living standards.
B)Common knowledge and proprietary technology are both important for the economy's production of goods and services.
C)The terms capital and physical capital refer to the same thing.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All the statements are correct: Productivity growth is crucial for improving living standards, both common and proprietary technologies are vital for production, and "capital" often refers to physical capital in economic contexts.

Which of the Following Statements Is Correct