Technological progress occurs when the economy gets more output
A) without any more capital or labor.
B) by using more capital per worker.
C) by using more capital but not more workers.
D) by using more labor but not more capital.
Correct Answer:
Verified
Q2: Over time, a country's real GDP per
Q3: Recall the Application about the effect of
Q4: Suppose that real GDP starts at 100
Q5: Recall the Application about the effect of
Q6: If the growth rate for GDP was
Q8: Suppose real GDP was 100 in year
Q9: Suppose that real GDP starts at 200
Q10: According to the text, _ is perhaps
Q11: An increase in a country's capital stock
Q12: When comparing the measure of goods and
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