Which of the following best summarizes how investing in capital goods helps increase standard of living?(1 point)

Question

Responses

Investing in capital goods gives people the opportunity to build their business, which makes them happy.
Investing in capital goods gives people the opportunity to build their business, which makes them happy.

Investing in capital goods gives cities the chance to expand public transportation, making it easier for people to travel.
Investing in capital goods gives cities the chance to expand public transportation, making it easier for people to travel.

Investing in capital goods helps businesses make a lot of money, which helps with economic growth.
Investing in capital goods helps businesses make a lot of money, which helps with economic growth.

Investments in capital goods can give people back time, energy, and revenue, which increase standard of living.

Answer 1

The best summary of how investing in capital goods helps increase standard of living is:

Investments in capital goods can give people back time, energy, and revenue, which increase standard of living.

This response captures the broader benefits of capital goods in terms of efficiency and productivity, leading to improvements in quality of life.