Total factor productivity:
A) is the amount of output produced from a given amount of factor inputs.
B) is not an essential element in long-run growth.
C) is less important than technological progress.
D) cannot be used to explain how contributions of factors of production affect a country's growth.
Correct Answer:
Verified
Q306: Factors contributing to differences in countries' growth
Q307: Large technological gains often result:
A)in immediate rapid
Q308: Natural resources:
A)are still the most important factor
Q309: Use the following to answer questions:
Scenario: Capital
An
Q310: Investment spending:
A)must be paid for by consumption
Q311: Many economists agree that environmental damage from
Q312: When a country utilizes more physical capital
Q314: Many economists view resource scarcity as a:
A)major
Q315: To hinder growth, a government might:
A)provide basic
Q316: In 2010, China saved:
A)less than the United
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