MFP growth represented by a will be lower than the growth of labor productivity if
A) k > n.
B) k < n.
C) k = n.
D) None of the above. The relative size of k and n do not affect MFP growth.
A
Economics
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The Federal Reserve System is organized into
A) one large district covering the entire United States. B) three districts, one for each of the countries in North America. C) 12 districts, dividing up the countries in North America. D) 50 districts, one per state. E) 12 districts, dividing up the United States.
Economics
The marginal product of labor (MPL) can be calculated from the following ________
A) the labor share of income and the average output per unit of labor B) the labor share of income and average labor per worker C) output and labor D) the labor share of income and output E) none of the above
Economics