The Growth Rate of Potential GDP Is the Sum of the Growth

question 68

Multiple Choice

The growth rate of potential GDP is the sum of the growth rates of

• A)labor force and population.
• B)labor force and labor productivity.
• C)labor force and capital stock.
• D)labor productivity and capital stock.

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Definitions:

Philosophy

A study or theory of the nature of knowledge, reality, and existence, especially when considered as an academic discipline.

Benchmarking

A process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Best Practices

Established methods or techniques that are considered superior to alternatives because they produce results that are superior to those achieved by other means.

Industry

The sector of economy characterized by the production and manufacturing of goods or provision of services.