Question

According to growth accounting studies, investing in research and education Group of answer choices is the best way to achieve greater technological progress. is less effective than on the job training. does not achieve as much growth as technology improvement would.

Answer 1

According to growth accounting studies, investing in research and education is the best way to achieve greater technological progress.

What is growth accounting?

It corresponds to a metric to identify which are the factors that most impact economic growth, also finding the rate of technological progress of a business.

Therefore, the greater investment in research and education, the more effective growth accounting measurements will be for identifying technological progress.

Find out more about growth accounting here:

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