Which statement is false?

A) Technological change is the key to productivity growth.
B) Productivity is output per unit of input.
C) The only way to build up capital is to consume more and save more.
D) In the 1950s,1960s,and 1970s,Americans managed to save about 7-8% of disposable income.

Technological Change

The innovation and improvement in technology, processes, or methods, leading to increased efficiency, productivity, and new product development, affecting various sectors of an economy.

Productivity Growth

The increase in the efficiency of production in an economy, often measured by the output per unit of input over time.

Disposable Income

After-tax income. Term applies to individuals and to the nation.