Question

In recent years the economy of Japan has grown, despite the fact that the population of Japan has declined. Which of the following would best explain Japan's economic growth despite having a smaller population?
A. immigration of new workers into JapanB. advancements in technology that make labor more productiveC. reduced employment of capital because fewer workers are available to use itD. greater consumption of goods imported from other countries

Answer 1

Answer:

The correct answer is letter "B": advancements in technology that make labor more productive.

Explanation:

Even if it is said Japan's population could decrease by 27 million people by 2050, the country has experienced an economic increase in the past years. Japan's secret relies on constantly renewing technology in their production processes. Every time their manufacturing is more robotized making the need for more employees needless.