A Constant Contributor to Labor Productivity Growth During the Entire

question 54

Multiple Choice

A constant contributor to labor productivity growth during the entire 1948-2000 period was

• A)capital formation.
• B)technological change.
• C)labor force growth.
• D)government spending.

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Definitions:

Present Values

The today's value of a sum of money or cash flows expected in the future, calculated using a designated return rate.

Payback Period

The payback period is the length of time required to recover the cost of an investment.

Satisfactory Return

A level of profit or return on investment that meets or exceeds the expectations or benchmarks of an investor or manager.

Capital Budgeting

The process a business undertakes to evaluate potential major projects or investments.