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:

Modified AGI

Adjusted Gross Income with certain deductions added back in, used for determining eligibility for specific tax deductions and credits.

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