The rate of growth of output per capita for the United States and France between 1950 and 2004 has been caused by
A)the rate of technological progress.
B)the saving rate.
C)the accumulation of capital.
D)the rate of growth of N.

Question

Quizplus · Accepted Answer

The rate of growth of output per capita is mainly affected by the rate of technological progress, which leads to improvements in productivity and efficiency. While saving rates and capital accumulation can contribute to growth, they are not the primary drivers of long-term economic success. The rate of growth of N, or population growth, can also have an impact on output per capita, but it is not the only or most significant factor.

The Rate of Growth of Output Per Capita for the United