The cumulative power of productivity growth:

A) emphasizes the importance of short-term growth.
B) emphasizes the importance of long-term growth.
C) emphasizes the importance of capital-labor ratio.
D) increases poverty in an economy.
E) leads to capital deepening

Capital-Labor Ratio

The ratio of the total value of capital equipment to the labor force, indicating the level of capital intensity in production processes.

Productivity Growth

The increase in the efficiency of production in an economy, typically measured as the output per hour worked.

Cumulative Power

Cumulative power refers to the total amount of energy generated or exerted over a period of time.