Business, 18.01.2021 01:50, brianogle4069

Capital accumulation alone will be ineffective to sustain continued growth of per capita income because the marginal productivity of capital declines as more and
more capital is added. What sustains the long-term growth?

Select one:
a. Growth of entrepreneurs
b. Growth of private sector
c. Growth of technical progress
d. Growth of labour

= Growth of technical progress

Answers: 1

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Capital accumulation alone will be ineffective to sustain continued growth of per capita income bec...