If a Country Has No Technological Progress, the Only Way

question 107

Multiple Choice

If a country has no technological progress, the only way for it to have long-term increases in living standards is by:

• A) continually increasing capital per worker.
• B) continually increasing the saving rate.
• C) continually increasing investment in research and development.
• D) the government continually running budget surpluses to increase national savings.

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