The so- called "Solow residual"
A) is an underestimate of the amount of technological change when embodied technological progress occurs.
B) is an overestimate of the amount of technological change when embodied technological progress occurs.
C) takes embodied technological change into consideration.
D) refers to the amount of GDP growth that cannot be explained by the growth in technological change.
E) is an alternative to a measure of "total factor productivity".
Correct Answer:
Verified
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