Growth accounting attempts to measure the factors that determine:
A) growth in output in the short run.
B) growth in potential output.
C) the depth of business cycles.
D) the duration of business cycles.
Correct Answer:
Verified
Q6: Economic growth:
A) does not affect living standards.
B)
Q7: Small differences in growth rates eventually produce
Q8: Growth of per capita output occurs when:
A)
Q9: With the economy at potential output, economic
Q10: Which of the following statements is false?
A)
Q12: The factors of production are:
A) land, labour,
Q13: To the economist, productive capital is defined
Q14: The production function shows the relationship between:
A)
Q15: Y = A x F(L, K) is
Q16: Based on a simple production function, potential
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