In order to raise our rate of economic growth we would need to
A)increase the level of capital.
B)reduce the level of labor.
C)spend more on military goods.
D)spend more on consumer goods.

Question

Quizplus · Accepted Answer

Increasing the level of capital, which includes machinery, equipment, and technology, can increase productivity and efficiency, leading to economic growth. This can also result in higher wages and more job opportunities. The other choices, reducing labor or spending more on military or consumer goods, may not necessarily result in sustained economic growth.

In Order to Raise Our Rate of Economic Growth We