In all economies experiencing modern economic growth,
A) labor expands at a more rapid pace than capital.
B) capital and labor expand at a constant rate.
C) capital expands at a more rapid pace than labor.
D) capital expands, but labor remains constant.

Question

Quizplus · Accepted Answer

In modern economic growth, capital expands at a more rapid pace than labor. This is because technological advancements and increases in productivity require higher levels of capital investment, leading to a faster growth in capital than labor.

In All Economies Experiencing Modern Economic Growth