According to the method of growth accounting, which of the following contribute to economic growth?
A) technological progress B) capital growth
C) labor growth D) all of the above
D
You might also like to view...
According to the table shown, what happened to the cost of living from 2013 to 2014? The cost of living:
A. increased; consumers became worse off than they would have been if the price level had not changed.
B. decreased; consumers became worse off than they would have been if the price level had not changed.
C. increased; consumers became better off than they would have been if the price level had not changed.
D. decreased; consumers became better off than they would have been if the price level had not changed.
Patents, quotas, tariffs, and government licensing can all create barriers to entry into oligopoly industries
a. True b. False Indicate whether the statement is true or false
Most economic disagreements are about ______ issues.
a. normative b. cognitive c. positive d. objective
Which of the following would be added to the GDP to determine the GNP?
a. the profits a Canadian company earns in Colorado b. the profits a U.S. company earns in Vancouver c. the profits a Canadian company earns in Quebec d. the profits a U.S. company earns in Florida