Other things being equal, which of the following would be least important in increasing an industrial country's potential GDP?
A) Growth in the labor force
B) Technological advancement
C) Increased capital formation
D) Abundant natural resources
E) Better labor skills
Correct Answer:
Verified
Q66: Productivity is the
A) value of the goods
Q67: Because the average annual population growth is
Q68: The lack of capital formation in developing
Q69: In economics, technology refers to the
A) exploitation
Q70: Forgoing consumption today for consumption in the
Q72: Total factor productivity is the ratio of
A)
Q73: Growth in total factor productivity equals the
A)
Q74: If economic growth in a given year
Q75: Technological progress does not depend on
A) the
Q76: When government spending is $670 million, government
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents