a. More labor inputs can explain all of the increases in U.S. real GDP during the last 62 years or so. none of the increases in U.S. real GDP during the last 62 years or so. some of the increases in U.S. real GDP during the last 62 years or so. most of the increases in U.S. real GDP during the last 62 years or so. b. Since at least 1995 the majority of increases in U.S. real GDP are from productivity growth. labor growth. technological change. capital growth. c. Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, and technological advance. Technological advance, quantity of capital, education and training, economies of scale, and improved resource allocation. Improved resource allocation, technological advance, education and training, economies of scale, and quantity of capital. Education and training, technological advance, quantity of capital, economies of scale, and improved resource allocation. Technological advance, education and training, quantity of capital, improved resource allocation, and economies of scale.
a. More labor inputs can explain all of the increases in U.S. real GDP during the last 62 years or so. none of the increases in U.S. real GDP during the last 62 years or so. some of the increases in U.S. real GDP during the last 62 years or so. most of the increases in U.S. real GDP during the last 62 years or so. b. Since at least 1995 the majority of increases in U.S. real GDP are from productivity growth. labor growth. technological change. capital growth. c. Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, and technological advance. Technological advance, quantity of capital, education and training, economies of scale, and improved resource allocation. Improved resource allocation, technological advance, education and training, economies of scale, and quantity of capital. Education and training, technological advance, quantity of capital, economies of scale, and improved resource allocation. Technological advance, education and training, quantity of capital, improved resource allocation, and economies of scale.
Chapter16: Economic Growth
Section: Chapter Questions
Problem 15E
Related questions
Question
4)
a. More labor inputs can explain
-
all of the increases in U.S. real
GDP during the last 62 years or so. -
none of the increases in U.S. real GDP during the last 62 years or so.
-
some of the increases in U.S. real GDP during the last 62 years or so.
-
most of the increases in U.S. real GDP during the last 62 years or so.
b. Since at least 1995 the majority of increases in U.S. real GDP are from
-
productivity growth.
-
labor growth.
-
technological change.
-
capital growth.
c. Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, and technological advance.
-
Technological advance, quantity of capital, education and training, economies of scale, and improved resource allocation.
-
Improved resource allocation, technological advance, education and training, economies of scale, and quantity of capital.
-
Education and training, technological advance, quantity of capital, economies of scale, and improved resource allocation.
-
Technological advance, education and training, quantity of capital, improved resource allocation, and economies of scale.
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