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MMLU-Pro / 7517 / Use the concept of capital deepening to explain why econo-mists think that…

Problem

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question

Use the concept of capital deepening to explain why econo-mists think that technological progress has been the most important factor for growth for advanced countries.

category

economics

options

  1. Capital-output ratio has risen
  2. Technological progress is the factor that has been most instrumental in offsetting diminishing returns.
  3. Capital-labor ratio has decreased
  4. New investments have reduced the stock of capital

src

stemez-Economics

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