Economics · Productivity and Technology
In discussions on technological progress and productivity in an economy, the term 'Solow Paradox' is sometimes used to describe an apparent inconsistency between technological advancement and measured productivity. Which one of the following situations best illustrates the Solow Paradox?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Persistent depreciation of a country's currency despite otherwise strong macroeconomic indicators.
- 2Accelerated expansion of the manufacturing sector despite relatively low levels of public investment.
- 3Sustained inflows of workers' remittances even during a period of global economic slowdown.
- 4Widespread adoption of sophisticated digital and information technologies without a corresponding rise in measured productivity.✓
Correct answer
Widespread adoption of sophisticated digital and information technologies without a corresponding rise in measured productivity.
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