One can predict that the rapid growth in the East Asian countries will run out of steam,because
A) the growth cannot sustain over the very long term by increasing inputs alone.
B) the primary source of growth in those countries has been rapid increase in labour and capital,not productivity.
C) the long-run growth can only be sustained by increases in total factor productivity.
D) all of the above.
Correct Answer:
Verified
Q66: Which is of the following is true
Q67: If in an economy the human capital
Q68: The fact that countries' GDP per capita
Q69: If labour productivity grows at 1.5% and
Q70: In a neoclassical model of growth,an increase
Q72: If there is international trade and finance,output
Q73: Government policy can improve the long-run economic
Q74: Which of the following statement is NOT
Q75: You support an industrial policy for Canada.Which
Q76: The government-backed Canadian Pension Plan (CPP)
A)increases national
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents