If a Country Experiences Growth in "Total Factor Productivity" (I

question 123

Multiple Choice

If a country experiences growth in "total factor productivity" (i.e.,the "Solow residual") ,then

• A)all growth in real GDP can be explained by growth in the labour force.
• B)all growth in real GDP can be explained by growth in the capital stock.
• C)there is some growth in real GDP that cannot be accounted for by growth in capital or the labour force.
• D)none of the growth in real GDP can be accounted for by growth in capital and the labour force.
• E)material standards of living are falling.

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Definitions:

Taboo

A norm ingrained so deeply that even thinking about violating it evokes strong feelings of disgust, horror, or revulsion.

Sanctions

Positive or negative reactions to the ways that people follow or disobey norms, including rewards for conformity and punishment for violations.

Norms

Social rules or standards that dictate expected behaviors within a group or society.

Sapir-Whorf Hypothesis

A theory suggesting that the structure of a language influences its speakers' perception and categorization of the world, potentially affecting their thought processes and worldview.