Since the late 1950s, economists have performed “growthaccounting” studies in the United States.These have determined that ________________ is typically the mostimportant contributor to U.S. economic growth.   a)physical capital b)human capital c)technology d)a market orientation

The use of knowledge to improve productivity and enhance economic growth is known as Group of answer choices accumulation of physical capital. invention. innovation. All of the above

Choose the following opton:  1) In the very long run, across the next fifty years, a country’s economic standard of living as measured by Real GDP Per Person can grow steadily as a result of sustained growth in one of the following two values. The correct focus of growth policy will be to promote: (a)  Labor Productivity          (b)  Total Labor Effort   2) The correct answer to Q#1 is a consequence of which feature of any country’s economy.  In the very long run, fifty years and beyond: a) Total Labor Effort (Aggregate Labor Hours) can grow faster than a country’s Population. b) Total Labor Effort (Aggregate Labor Hours) cannot grow faster than a country’s  Population.