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:

Millionaires

Individuals whose net worth or wealth is equal to or exceeds one million units of currency.

Disjunctive Premise

A premise in an argument that offers two or more mutually exclusive options, only one of which needs to be true.

Disjuncts

Disjuncts are the separate statements or propositions in a disjunction, any of which being true makes the disjunction true.

Syllogism Valid

A form of deductive reasoning where a conclusion is correctly derived from two given premises.