The Rate of Labor-Augmenting Technological Progress (G) Is the Growth

question 61

Multiple Choice

The rate of labor-augmenting technological progress (g) is the growth rate of:

• A) labor.
• B) the efficiency of labor.
• C) capital.
• D) output.

---

Definitions:

Turnover Rate

The rate at which a company hires and separates employees, or the rate at which inventory or assets are replaced through sales.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Use Of Cash

A summary of how a company's cash is being utilized in operations, investments, and financing activities.

Accounts Payable

Represents money owed by a company to its creditors for goods and services purchased on credit.