If there was an increase in technology other things equal, real GDP growth would ____ and real GDP growth per capita would ____.
A)increase; increase.
B)increase; be indeterminate.
C)decrease; decrease.
D)decrease; be indeterminate

Question

If there was an increase in technology other things equal, real GDP growth would ____ and real GDP growth per capita would ____.
A)​increase; increase.
B)​increase; be indeterminate.
C)​decrease; decrease.
D)​decrease; be indeterminate

Quizplus · Accepted Answer

An increase in technology would increase efficiency and productivity, leading to an increase in real GDP growth. Real GDP growth per capita would also increase since technological advancements can lead to an increase in output per worker.

If There Was an Increase in Technology Other Things Equal