If There Was an Increase in Technology Other Things Equal

question 114

Multiple Choice

If there was an increase in technology other things equal, real GDP growth would ____ and real GDP growth per capita would ____.

• A)​increase; increase.
• B)​increase; be indeterminate.
• C)​decrease; decrease.
• D)​decrease; be indeterminate

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Definitions:

Social Capital

The networks of relationships and connections among people that can be utilized to gain advantage and achieve goals.

Productive Potential

The maximum output a person or entity can produce with the available resources without sacrificing quality.

Socially Determined

Characteristics or behaviors that are shaped by societal influences rather than individual choices or biological predispositions.

Prescription

A prescription is a formal instruction written by a licensed medical professional that authorizes a patient to be provided a medicine or treatment.