Growth accounting refers to the method used to
A) identify the contribution of economic growth from increased capital, labor, and technological progress.
B) measure growth in the capital stock.
C) measure the growth in the labor force.
D) identify the costs of promises made by the government today but paid for by future generations.
A
Economics
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An increase in production costs will shift the:
A) aggregate demand curve. B) short-run aggregate supply curve. C) long-run aggregate supply curve. D) none of the above.
Economics
James used $250,00 . from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for 320,000 . An economist calculated his profit to be:
a. $320,000 b. $70,000 c. $282,500 d. $32,500
Economics