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Which of these is likely the smallest contributor to productivity and economic growth?

an increase in the labor force participation rate

a large increase in labor relative to capital

investments in human capital

discovery of a major oil deposit

Sagot :

Anthougoidn

The smallest contributor to productivity and economic growth is B. a large increase in labor relative to capital.

What are productivity and economic growth?

Productivity refers to the output produced given a set of inputs.

Economic growth refers to the increase in productivity.

The factors that contribute to economic growth and productivity include:

  • Technology
  • Human capital
  • Physical capital (plant and equipment)
  • Innovation
  • Enterprise
  • Competition.

Thus, the smallest contributor to productivity and economic growth is B. a large increase in labor relative to capital.

Learn more about economic growth at https://brainly.com/question/24767012

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