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2. how does technology contribute to economic growth? by reducing labor…

Question

  1. how does technology contribute to economic growth?

by reducing labor hours only
by limiting new inventions
by making inputs produce more and better output
by increasing prices

Explanation:

Brief Explanations

Technology enhances productivity. It allows inputs (like labor, capital) to generate more and better output. Reducing labor hours is just one aspect. Limiting inventions would hinder growth. Increasing prices isn't a contribution of technology to economic growth in a positive sense related to production efficiency.

Answer:

By making inputs produce more and better output