1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining the optimal combination of goods, each at least-cost production. 5. Increases in the quantity and quality of natural resources.6. Increases in the quantity and quality of human resources.Use the accompanying list to answer the following question. As distinct from the supply factors and demand factor of economic growth, the efficiency factor(s) of economic growth is (are)A) 3 only. B) 4 only.C) 1 only.D) 1 and 3 only

Respuesta :

Answer:

D: 1 only

Explanation:

Improvement in technology is an efficiency factor for economic growth. It began with the first industrial revolution in the 19th century and is now being led by fourth industrial revolution or a revolution propelled by advances in computer technologies, internet, robotics and artificial intelligence.