Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
a. Reduced capital formation
b. Decreased human capital
c. Increased research and development
d. Increased government regulation
e. Higher price of a raw material
c
Economics
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Refer to the figure above. If the government institutes a minimum wage rate at $30, the unemployment in the market will be:
A) 25 units of labor. B) 10 units of labor. C) 15 units of labor. D) 20 units of labor.
Economics
Inflation target refers to the commitment of central bankers to keep inflation below a certain rate for the next year or two
Indicate whether the statement is true or false
Economics