19) Technological progress is defined as
A)
an improvement of the economic growth that leads to a change in the
standard of living
B)
the increase in output that the economy produces that is equivalent to
economic growth
Highlight
Time
Remaining
00:17:54
Hide Tools
a total improvement in the efficiency of all factory machines and
equipment within the economy
an improvement in the efficiency with which an economy uses its resources
and factors of production to produce increased output.
D)