The Solow residual is:
A) the difference between real output and aggregate expenditure.
B) the difference between saving and investment.
C) goods and services left over after households have met their consumption plans.
D) the difference between the growth of real GDP and the effects of growth in capital and labour inputs.
Correct Answer:
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Q16: Based on a simple production function, potential
Q17: A simple production function can be written
Q18: In the equation for the production function
Q19: In terms of 'growth accounting' the sources
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
Q25: Consider an economy with a two-variable production
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