An increase in economic growth that cannot be accounted for by increases in either the labor force or the capital stock is known as an increase in:

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Quizplus · Accepted Answer

Total factor productivity (TFP) refers to the efficiency and effectiveness with which labor and capital are used together to produce economic output. An increase in economic growth attributed to factors other than increases in labor or capital is typically associated with improvements in how these inputs are combined and utilized, which is captured by the concept of total factor productivity.

An Increase in Economic Growth That Cannot Be Accounted for by Increases