Which of the following should be focused on to explain the growth of productivity?
A) The growth of labor and capital
B) The growth of capital and technology
C) The growth of labor and technology
D) The growth of the labor force
E) The natural rate of unemployment
Correct Answer:
Verified
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
Q12: Which of the following is true?
A)Growth in
Q13: Prior to 1800, productivity growth averaged
A)1 percent
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
Q18: The flattening out of the production function
Q19: Which of the following statements is true
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