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  • 22-11-2018
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Which of these is the MOST likely way long-term economic growth takes place?

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busbee
busbee busbee
  • 01-12-2018

The correct answer is  increased in labor productivity growth. A measure of the amount of output produced by a given amount of inputs in a specific period of time is what we define as productivity. Whereas, an investment in improving the skill level of labor is considered an investment in the human capital. If a government wanted to improve the productivity of its human resources it could expand funding and opportunities for vocational training.

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