Edward Denison identified which of the following as the main source of productivity growth in the United States between 1929 and 1982?
A. added labor and capital
B. the increase in labor's education and training
C. advances in knowledge obtained through research and development
D. the improved quality of corporate management
C. advances in knowledge obtained through research and development
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Bond prices and interest rates
A. are interrelated. B. have no relationship to one another. C. rise or fall in tandem. D. None of these choices.
The Solow residual attempts to measure the amount of output not explained by
A) technological progress. B) the direct contribution of labor and capital. C) economic projections. D) the amount of a nation's human capital.
The gross domestic product (GDP) of an economy for a particular year is likely to increase if _____
a. workers go on longer vacations during that year b. the length of an average work week decreases c. homeowners hire lawn care services rather than maintaining the lawns themselves d. people cook food at home instead of buying restaurant meals e. the sale of illegal drugs increases
Unused lines of credit on credit cards are part of M2
a. True b. False Indicate whether the statement is true or false