In a series of studies of economic growth conducted at the National Bureau of Economic Research,economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs.Consensus emerged later that _____ helped explain this gap.
A) technological change
B) measurement error
C) inaccurate price deflation
D) labor improvement

Question

Quizplus · Accepted Answer

Technological change was later recognized as the factor that helped explain the gap between economic growth in GDP and growth in labor and capital inputs.

In a Series of Studies of Economic Growth Conducted at the National