Which of the following is the single most important source of U.S. economic growth?
A) stability of the socio-cultural-political environment
B) improvement in the legal and human environment
C) increases in the quantity of labor
D) increases in labor productivity

Question

Quizplus · Accepted Answer

Increases in labor productivity are the single most important source of U.S. economic growth. This means that the economy is producing more output using the same amount of input, leading to increased efficiency and overall economic growth. Stability of the socio-cultural-political environment, improvement in the legal and human environment, and increases in the quantity of labor all contribute to economic growth, but they are not the primary source.

Which of the Following Is the Single Most Important Source