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How does technological progress effect economic growth? How does it impact real GDP, real GDP per...

How does technological progress effect economic growth? How does it impact real GDP, real GDP per capita and average labour productivity?

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Answer : Technological progress increase the economic growth. If technology improve then the per labor productivity or average labor productivity increase. This increase the production level. If production level increase then the real GDP increase. If real GDP increase then the per capita real GDP increase. As a result, economic growth level increase. Thus, the technological improvement increase the economic growth, per labor productivity level, real GDP and real GDP per capita.

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