Labor productivity in the U.S. in the periods 1973-1995 and 1995-2012 grew at average rates of:
A. 7.5% and 5.2%, respectively
B. 1.5% and 2.4%, respectively
C. 3.1% and 1.5%, respectively
D. 4.1% and 4.3%, respectively
B. 1.5% and 2.4%, respectively
Economics
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Public goods are goods that we all agree are useful and therefore are all willing to pay for. This implies that there is no efficiency problem in the production of public goods.
Answer the following statement true (T) or false (F)
Economics
Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that growth rate of K/NA is
A) gA gN. B) gA + gN. C) 0. D) gA. E) none of the above
Economics