If a country experiences growth in "total factor productivity" (i.e.,the "Solow residual") ,then
A) all growth in real GDP can be explained by growth in the labour force.
B) all growth in real GDP can be explained by growth in the capital stock.
C) there is some growth in real GDP that cannot be accounted for by growth in capital or the labour force.
D) none of the growth in real GDP can be accounted for by growth in capital and the labour force.
E) material standards of living are falling.
Correct Answer:
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