Based on a simple production function, potential output can be increased by _____________ or by
______________ .
A) increasing the use of labour; work sharing
B) increasing the use of all inputs; technical advances
C) increasing the use of capital; reducing break times
D) increasing the use of land; having less holidays
Correct Answer:
Verified
Q11: Growth accounting attempts to measure the factors
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
Q17: A simple production function can be written
Q18: In the equation for the production function
Q19: In terms of 'growth accounting' the sources
Q20: The Solow residual is:
A) the difference between
Q21: The Solow residual found by the growth
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