Development accounting: If a country's physical and human capital both double over the course of 100 years, and output increases by a factor of 2, by what factor does productivity increase during this time? Let the variable a = 1/3. Productivity has decreased because it has not increased. None of these answers are correct. This is a trick question. Productivity has stayed the same over time! Productivity has also increased by a factor of 2. |0000

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
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Development accounting: If a country's physical and human capital both double over the course of 100 years, and output
increases by a factor of 2, by what factor does productivity increase during this time? Let the variable a = 1/3.
Productivity has decreased because it has not increased.
None of these answers are correct.
This is a trick question. Productivity has stayed the same over time!
Productivity has also increased by a factor of 2.
|0000
Transcribed Image Text:Development accounting: If a country's physical and human capital both double over the course of 100 years, and output increases by a factor of 2, by what factor does productivity increase during this time? Let the variable a = 1/3. Productivity has decreased because it has not increased. None of these answers are correct. This is a trick question. Productivity has stayed the same over time! Productivity has also increased by a factor of 2. |0000
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