According to evidence reported by Jorgenson,Ho,and Stiroh,the most important source of rising labor productivity over the period 1959 - 2006 was:
A) increased efficiency with which inputs are combined
B) decreases in the rate of inflation
C) improvement in the average quality of the labor force
D) increases in the amount of capital goods employed with each worker hour of labor
Correct Answer:
Verified
Q6: Q7: Which of the following is not considered Q8: The average quality of labor has increased,partly Q9: If nominal wages rose 1.5% and productivity Q10: The critical determinants of productivity growth include Q12: Labor productivity is best defined as: Q13: In year 1,an economy used 200 worker Q14: The secular increase in real wages resulted Q15: If real GDP falls by 2% while Q16: Which one of the following most closely
A)real GDP
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