According to the Growth Accounting Formula and Data for the Mid-1970s

question 33

Multiple Choice

According to the growth accounting formula and data for the mid-1970s through the mid-1990s, the most important reason for the slowdown in economic growth has been

• A) a decline in the growth rate of capital.
• B) an increase in the size of government.
• C) a decrease in the growth rate of the labor force.
• D) an increase in the number of government regulations.
• E) a decline in the rate of technological change.

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Definitions:

Concept

A general idea or understanding that is the foundation for further ideas, actions, or strategies.

Market's Volatility

The degree of variation of a trading price series over time, often measured by the standard deviation of returns.

Value Line Index

An index which represents the performance of stocks in the market, aiming to include a broad spectrum of companies across different industries.

Geometric Average

The nth root of the product of n numbers. It is used to measure the compound rate of return over a given sample period.