Answered

Which of the following forces was driving economic growth and development during the early American economy?

A. An increased resource base was driving economic growth.
B. Increased specialization and sectoral change was driving economic growth.
C. All of these were driving economic growth.
D. Technological change improved productivity, driving economic growth.



Answer :

GinnyAnswer

Final answer:

Technological change is the main force driving economic growth in the early American economy.


Explanation:

Technological change improved productivity is a significant force driving economic growth in the early American economy. From 1948 to 2002, improvements in factor quality and technology accounted for about 40% of U.S. economic growth, and since 1995, they have been the main drivers of economic growth.


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