The input that is generally hard to measure directly and consequently can be reasonably estimated with the growth accounting equation is:

Question

Quizplus · Accepted Answer

Technology is generally hard to measure directly as it involves intangible factors such as research and development, innovation, and knowledge. Therefore, it can be reasonably estimated using the growth accounting equation, which measures the contributions of different factors such as physical capital, labor, and land to economic growth.

The Input That Is Generally Hard to Measure Directly and Consequently