Growth That Cannot Be Explained by Increases in Capital and Labor

question 84

True/False

Growth that cannot be explained by increases in capital and labor must be caused by technological progress.

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Definitions:

Open Market

An economic system in which buying and selling of goods and services are conducted freely with minimal government intervention.

Government Bonds

Securities issued by a government to finance its expenditures, repaid over a period.

Open Market

A marketplace with few restrictions on entry or trade, allowing goods and services to be bought and sold freely.

Bonds

Fixed-income investments representing a loan made by an investor to a borrower, often used by companies or governments to finance projects or operations.