The rate of labor-augmenting technological progress (g) is the growth rate of: Financial System ...
A)labor.
B)the efficiency of labor.
C)capital.
D)output.

Question

Quizplus · Accepted Answer

Labor-augmenting technological progress refers to the advancement of technology that increases the efficiency or productivity of labor. It does not directly affect the growth rate of capital or output, and it is not related to the financial system.

The Rate of Labor-Augmenting Technological Progress (G) Is the Growth