Between 1975 and 1993,most of the increase in productivity in the United States was due to
A) increases in the amount of hours worked,which caused the production function to shift up.
B) increases in technology,which caused the productivity function to shift up.
C) the productivity function shifting because of growth in capital.
D) increases in capital per hour worked,which caused a movement along the productivity function.
E) increases in technology,which caused a movement along the productivity function.
Correct Answer:
Verified
Q2: In the formula Q3: In the formula Q4: Suppose the production function Y = f(K,L)is Q11: Use the graph to answer the following Q141: According to the growth-accounting formula, productivity growth Q147: The slope times the change along the Q151: An increase in capital per hour of Q152: The productivity curve shifts upward as a Q155: The growth rate of productivity due to Q158: The growth rate of a variable is
A)can
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