“Accumulating capital without technological progress cannot generate long-term growth because as capital stock grows, its depreciation _____________, while total production rises at _____________ rate and _____________ portion of the savings that it generates has to be used for replacing depreciated capital, rather than being available for production capacity expansion.”

Complete the following sentence.

“Accumulating capital without technological progress cannot generate long-term growth because as capital stock grows, its depreciation _____________, while total production rises at _____________ rate and _____________ portion of the savings that it generates has to be used for replacing depreciated capital, rather than being available for production capacity expansion.”