The Rationale for Developing a Model in Which Real GDP

question 8

Multiple Choice

The rationale for developing a model in which real GDP depends only on labor is

• A)to prove that productivity growth was higher before the Industrial Revolution.
• B)to prove that capital and technology play a key role in productivity growth.
• C)to prove that productivity growth can occur without capital.
• D)to prove that productivity growth can occur without technology.
• E)to prove that labor is a key source of productivity growth.

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Definitions:

Hydrogen Ions

Positively charged ions (H+) formed when hydrogen atoms lose their electrons, significantly involved in acid-base chemistry.

Fermentation

A metabolic process that produces chemical changes in organic substrates through the action of enzymes, commonly used in the making of beer, wine, and bread.

Aerobic Respiration

A metabolic process in cells that uses oxygen to convert glucose into energy, producing water and carbon dioxide as byproducts.

Oxygen

A chemical element with the symbol O, essential for respiration in most living organisms and for combustion processes.