Answer :
The smallest contributor to productivity and economic growth is B. a large increase in labor relative to capital.
What are productivity and economic growth?
Productivity refers to the output produced given a set of inputs.
Economic growth refers to the increase in productivity.
The factors that contribute to economic growth and productivity include:
- Technology
- Human capital
- Physical capital (plant and equipment)
- Innovation
- Enterprise
- Competition.
Thus, the smallest contributor to productivity and economic growth is B. a large increase in labor relative to capital.
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