Is the increase in efficiency gained by producing more output without using more inputs. Real GDP per capita Technological progress Saving Capital deepening

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asked Dec 5, 2021 226k views

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Jorrex · Answer 1 · 2021-12-10T08:00:37+0000

Answer:

Technological progress

Step-by-step explanation:

An improvement in technology shifts the production capability of an economy (also called Production Possibility Curve or PPC). In other words, the economy would be able to produce more output using the same amount of imput factors.

Is the increase in efficiency gained by producing more output without using more inputs. Real GDP per capita Technological progress Saving Capital deepening

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