Total factor productivity growth is that part of economic growth due to
A) capital growth plus labor growth.
B) capital growth less labor growth.
C) capital growth times labor growth.
D) neither capital growth nor labor growth.
D
Economics
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When oligopolies seek to operate as a single-price monopoly, the firms produce at the point where:
A) P = MC. B) MR = MC. C) P < ATC. D) P = MR. E) MC = ATC.
Economics
Market consumer surplus
A) is the area under the demand curve and above market price, up to the quantity actually bought. B) is equal to total market revenue minus cost. C) does not depend on the quantity sold. D) is the area under the market price and above the marginal cost curve.
Economics