The article claims that \"productivity is the magic elixir of economic growth\". What does this statement mean? Based on what you have learned in this course and from the article, what would happen to per capita GDP growth in the long run if labor and capital increase, but there is no technological progress? Why? Please explain your answer.<\/p>
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https:\/\/outline.com\/krTv8k is the outline to the article. <\/p>", "transcribed_text": "", "related_book": { "title": "Modern Engineering Mathematics", "isbn": "1292253495, 9781292253497", "edition": "6th Edition", "authors": "Glyn James", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/63a169bbd0ea7_20493.jpg", "uri": "\/textbooks\/modern-engineering-mathematics-6th-edition-9781292253497", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8679523203", "uri": "\/textbooks\/investing-in-etfs-for-beginners-2-books-in-1-beginners-guide-to-passive-funds-the-ultimate-investment-guide-everything-you-need-to-start-earning-today-1st-edition-979-8679523203-130670", "name": "Investing In Etfs For Beginners 2 Books In 1 Beginners Guide To Passive Funds The Ultimate Investment Guide Everything You Need To Start Earning Today", "edition": "1st Edition" }, "question_posted": "2024-06-13 10:03:26", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/asarco-mining-paid-398500-for-the-right-to-extract", "description": "Asarco Mining paid $ 398,500 for the right to extract mineral assets from a 200,000 tonne mineral deposit. 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Le diametre et la vitesse de l'coulement l'entre I sont respectivement 10 cm et 5 m\/s et le dbit volumique en 2 est Q2 = 0.03...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/greetings-how-do-you-clearly-use-the-firac-method-in-2933260", "next": "\/study-help\/questions\/briefly-discuss-what-the-term-referral-profession-means-as-it-2933262" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "The article claims that productivity is the magic elixir of economic growth.", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/the-article-claims-that-productivity-is-the-magic-elixir-of-2933261" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } }}