Growth accounting equation
A) measures empirically the relative importance of the sources of output growth.
B) is the production function written in growth rate form.
C) is used to calculate the total factor productivity.
D) all of the above.
Correct Answer:
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Q15: Total factor productivity growth is that part
Q16: The major source of economic growth is
A)capital.
B)labour.
C)technology.
D)all
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Q18: Suppose the current level of output is
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