The Purpose of Growth Accounting Is to Determine

question 350

Multiple Choice

The purpose of growth accounting is to determine

• A) how rapidly the capital stock grows.
• B) how much of GDP growth is a result of increases in capital, how much is the result of increase in labor, and how much is the result of increases in technology.
• C) the most accurate ways of measuring depreciation.
• D) how rapidly GDP grows.

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Definitions:

Probability

A measure expressing the likelihood of a particular event or outcome occurring.

Two-tailed Test

A statistical test that considers the possibility of both directions of effect (greater than or less than), assessing the significance of a deviation in either direction from a null hypothesis.

Sample Size

The number of observations or data points collected or used in a sample for analysis.

Lower Tail

The portion of a distribution of data or probability to the left of a specified value.