The Idea That Measurement Problems Could Explain the Productivity Slowdown

question 60

Multiple Choice

The idea that measurement problems could explain the productivity slowdown since 1973 is based on the fact that

• A)official output measures make no adjustment for quality.
• B)output can't be measured.
• C)capital can't be measured.
• D)quality improvements aren't fully accounted for in the data.

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Definitions:

Independent

Free from outside control or influence, able to make decisions or act according to one's own principles.

Homeowner's Policy

An insurance policy providing coverage for damage to a person's home and possessions within, as well as liability for accidents that occur in the home or on the property.

Independent

A term in statistics that describes two or more variables which do not influence or affect each other.

Independent

Not influenced by or connected to others; in statistics, it often implies that variables are not correlated.