What determines the productivity growth rates of a country?
a. Amount of working capital currently available.
b. Rates of increase of capital, technology, and workforce quality
c. Current level of gross domestic product.
d. Current levels of human capital, physical capital, and technology.
b
Economics
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Giving up one alternative for another is called ____________ .
a. underutilization. b. a trade-off. c. human capital. d. efficiency.
Economics
When one country has higher nominal interest rates than another country, the high-interest-rate currency is expected to ________ relative to the low-interest-rate currency
A) depreciate B) appreciate C) stay constant D) None of the above
Economics