The Method of Constructing a Measure of Technological Progress Relies

question 46

Multiple Choice

The method of constructing a measure of technological progress relies on which of the following assumptions?

• A)each factor of production is paid its marginal product
• B)population growth does not change
• C)population growth is zero
• D)the saving rate does note change

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Definitions:

Somatic Nervous System

Part of the peripheral nervous system that handles voluntary control of body movements through the action of skeletal muscles.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, which coordinates body activities and processes sensory information.

Brain

The organ in the head of living creatures that controls their actions, thoughts, feelings, and interactions with their environment.

Spinal Cord

The long, thin, tubular structure made of nervous tissue that extends from the brainstem down the back, transmitting nerve signals between the brain and the rest of the body.