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.

---

Definitions:

Combine

Refers to the process of joining two or more items together to form a single entity, used in various contexts including mathematics, where it may involve summing like terms.

Combine

The act of joining or merging two or more items into a single entity, often used in mathematical operations like addition or combination.

Simplify

The process of making an expression easier to understand or solve by reducing it to its most basic form.

Combine

To merge or unite two or more items or quantities to form a single entity.