Which of the Following Best Explains the Source of Increases

question 109

Multiple Choice

Which of the following best explains the source of increases in productivity?

• A)Increases in capital per hour of work
• B)Technological change
• C)Increases in the number of hours worked
• D)Both technological change and increases in capital per hour of work
• E)It is not known what causes productivity to increase.

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Definitions:

Y′

A symbol often representing a predicted value or derivative in mathematical equations or models.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Multiple Regression

A statistical technique that uses more than one independent variable to predict the outcome of a dependent variable, allowing for the analysis of complex relationships.

Perfect Correlation

Describes a relationship between two variables where all data points lie exactly on a line with either a positive or negative slope; correlation coefficient is either 1 or -1.