The high growth rate in aggregate output in Canada during 1991-2001 was due to

Question

Quizplus · Accepted Answer

Total factor productivity growth refers to the increase in output that cannot be attributed solely to an increase in labor and capital inputs. This suggests that there were improvements in technology, efficiency, and innovation that led to the high growth rate in aggregate output in Canada during 1991-2001. Choices A, B, D, and E could have contributed to the growth, but they do not explain the source of the growth.

The High Growth Rate in Aggregate Output in Canada During