If the Growth Rate of Resources Is 2 Percent and Per

question 75

True/False

If the growth rate of resources is 2 percent and per capita real output is growing at 4 percent, then total factor productivity has fallen by 4 percent.

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Definitions:

Kilobyte

A unit of digital information that consists of 1,024 bytes, commonly used to measure storage capacity and data.

Bytes

A unit of digital information that typically consists of eight bits, commonly used to encode a single character of text in a computer.

Single Byte

The unit of digital information in computing and telecommunications that most often consists of eight bits.

Kilobyte

A unit of memory or data equal to 1,024 bytes, used to quantify digital information.