The Solow residual helps explain growth that derives from
a. increasing the size of the labor force.
b. increasing the size of the capital stock.
c. increasing the capital-labor ratio.
d. anything except increases in the size of the labor force or the capital stock.
D
You might also like to view...
Economic analysis requires us to combine:
A. unlimited resources with limited wants. B. theory with observations. C. developed and developing nations. D. republicans and democrats.
If velocity and output were nearly constant, then
a. the inflation rate would be much higher than the money supply growth rate. b. the inflation rate would be about the same as the money supply growth rate. c. the inflation rate would be much lower than the money supply growth rate. d. any of the above would be possible.
Which of the following is always TRUE of rational behavior?
A. It always yields the best possible outcome for all individuals. B. It never involves taking into account the interests of others. C. It always entails pursuing one's own best interest. D. It never involves the pursuit of greedy self-interest.
A country with a comparative advantage in the production of a good will ________ production of the good and ________
A) increase; import the good B) not change; import the good C) decrease; export the good D) decrease; import the good E) increase; export the good