In terms of 'growth accounting' the sources of growth in potential output are:
A) increased government expenditure.
B) growth in labour force, capital stock and technology.
C) growth in export markets.
D) reductions in indirect taxes like the GST.
Correct Answer:
Verified
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
Q17: A simple production function can be written
Q18: In the equation for the production function
Q20: The Solow residual is:
A) the difference between
Q21: The Solow residual found by the growth
Q22: According to the growth accounting methodology, total
Q23: If the labour-income is 2/3 of national
Q24: Consider an economy with a two-variable production
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