Two of the most important factors that influence total factor productivity are
A) the stock of knowledge that the world possesses and the associated level of technology.
B) the quantity and quality of labor available in an economy.
C) capital accumulation and the total level of investment in an economy.
D) population growth rates and the geographic location of the population.
A
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Indicate whether the statement is true or false
MPC is equal to
a) delta C / delta S b) delta S / delta C c) delta C / delta YD d) delta S / delta YD
Under the Bretton Woods exchange rate system, ________ could sell their dollars to the American government in exchange for gold
A) American citizens B) foreign central banks C) foreign citizens D) all of the above
The rate of unemployment can be calculated by
a. simply dividing all unemployed persons by all employed persons. b. subtracting those employed from the total labor force to find the number of unemployed and express this number as a percent of the total labor force. c. subtract those unemployed from the total labor force and express this number as a percent of the total labor force. d. dividing all unemployed by the population.