We can increase our rate of economic growth by

A) devoting more of our output to capital goods.
B) devoting more of our output to improving our technology.
C) devoting more of our output to improving the quality of our labor force.
D) all of the choices are true.

Economic Growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real gross domestic product (GDP).

Capital Goods

Tangible resources utilized by a business in creating goods and services for consumer consumption during the manufacturing process.

Technology Improvement

Enhancements or upgrades in technological capabilities that increase efficiency, productivity, or performance in processes or products.