The rate of growth of output per capita for the United States and France between 1985 and 2014 has been caused by
A)the rate of technological progress.
B)the saving rate.
C)the accumulation of capital.
D)the rate of growth of N.

Question

Quizplus · Accepted Answer

The rate of growth of output per capita is primarily caused by the rate of technological progress, which leads to more productive methods and innovations in production. The saving rate and accumulation of capital also contribute to growth, but the most significant factor is technological progress. The rate of growth of N, or population growth, may also impact output per capita, but it is not the primary cause of growth.

The Rate of Growth of Output Per Capita for the United