The growth rate of potential GDP depends on
a. the rate of technical progress.
b. the growth rate of the capital stock.
c. the growth rate of the labor force.
d. all of the above.
d
Economics
You might also like to view...
When the economy is near the natural unemployment rate, most adult males looking for work are experiencing ________ unemployment
A) turnover B) mismatch C) cyclically D) seasonally
Economics
All else equal, as the capital stock increases, the marginal product of capital will
A) increase at an increasing rate. B) increase at a decreasing rate. C) decrease at an increasing rate. D) decrease at a decreasing rate.
Economics