Which of the following will enhance productivity in an economy?

Economics

WAEC 2013

A. The use of obsolete capital
B. Technological change
C. Expansion of land under cultivation
D. An increase in the labour force

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Correct Answer: Option B

Explanation

A technological change is an increase in the efficiency of a product or process that results in an increase in output, without an increase in input. This will result in an increase in productivity

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Which of the following will enhance productivity in an economy?

Correct Answer: Option B

Explanation

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