In explaining sustained growth in potential output empirically, increased:
A) physical capital is the most important element.
B) human capital is the most important element.
C) technology is the most important element.
D) labour input is the most important element.
Correct Answer:
Verified
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
Q27: All of the following are important sources
Q29: Constant returns to scale occur whenever all
Q30: Suppose the production function is Y =
Q31: Which of the following statements is false?
A)
Q32: Suppose the inputs of labour and capital
Q33: Suppose the inputs of labour and capital
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