Which of the following items plays a role in determining productivity?
A)physical capital
B)natural resources
C)technological knowledge
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All three factors, physical capital, natural resources, and technological knowledge, play significant roles in determining productivity. Physical capital refers to machinery, equipment, and infrastructure that aid in the production process. Natural resources such as land and minerals also contribute to productivity. Technological knowledge, including research and development, innovation, and knowledge transfer, plays a crucial role in enabling productivity growth by improving the efficiency of production processes. Therefore, all of the factors mentioned in the options above are correct in determining productivity.

Which of the Following Items Plays a Role in Determining