The Solow residual found by the growth accounting method is:
A) the difference between inputs of labour and of capital.
B) a measure of the effects of changes in technology on output growth.
C) the weighted inputs of capital and labour to production.
D) the revenues producers have left over after they pay their employees.
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
Q20: The Solow residual is:
A) the difference between
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
Q26: Labour inputs can be used to increase
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