Which of the following contributes to economic

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14. Which of the following contributes to economic development?
15. Economists mostly agree that the problem of climate change necessitates government action in the form of market-based incentives such as:
16. Figure: Technological Progress and Productivity GrowthReference: Ref 9-11
(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in domestic savings?
B17. Diminishing returns to physical capital suggests that:
18. Scenario: CapitalAn economy initially has 200 units of physical capital per worker. Each year it increases the amount of physical capital by 10%. According to the aggregate production function for this economy, each 1% increase in physicalcapital per worker, holding human capital and technology constant, increases output per worker by 0.25%.Reference: Ref 9-14(Scenario: Capital) Look at the scenario Capital. In three years' time, what is the level of physical capital per worker in this economy?

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