Growth accounting explains changes in labor productivity by
A) only looking at technological change.
B) only looking at capital per hour of labor.
C) using the unemployment rate over time.
D) measuring capital per hour of labor and technological change.
Correct Answer:
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Q220: Most is embodied in physical capital.
A) human
Q221: The one- third rule states that, holding
Q222: If capital per hour of labor grows
Q223: Suppose capital per hour of labor grows
Q224: Suppose capital per hour of labor grows
Q226: Growth accounting breaks the growth rate of
Q227: According to MIT economist Robert Solow, in
Q228: provides a way for economists to calculate
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Q230: If capital per hour of labor increases
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