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Usimov [2.4K]
2 years ago
6

Which of these is likely the smallest contributor to productivity and economic growth?

Social Studies
1 answer:
Inessa05 [86]2 years ago
6 0

The smallest contributor to productivity and economic growth is <u>B. a large increase</u> in labor relative to capital.

<h3>What are productivity and economic growth?</h3>

Productivity refers to the output produced given a set of inputs.

Economic growth refers to the increase in productivity.

The factors that contribute to economic growth and productivity include:

  • Technology
  • Human capital
  • Physical capital (plant and equipment)
  • Innovation
  • Enterprise
  • Competition.

Thus, the smallest contributor to productivity and economic growth is <u>B. a large increase</u> in labor relative to capital.

Learn more about economic growth at brainly.com/question/24767012

#SPJ1

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