Which of the following is true?
A) Growth in capital alone explains virtually all of the recent growth in productivity.
B) Economic policies cannot influence the growth of productivity in the economy.
C) Increases in labor will increase real GDP per hour of work.
D) The growth of productivity is determined by the available labor, capital, and technology.
E) Increasing the investment share of GDP will increase the growth of capital.
Correct Answer:
Verified
Q7: Productivity is defined as
A)output per person.
B)output per
Q8: The total amount of capital in the
Q9: The rationale for developing a model in
Q10: As more capital is added per worker,
Q11: Diminishing returns to labor exists
A)in any economy.
B)only
Q13: Prior to 1800, productivity growth averaged
A)1 percent
Q14: Which of the following should be focused
Q15: A theory without capital or technology
A)is of
Q16: Productivity continues to grow in the twenty-first
Q17: Consider the production function shown in the
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