If the Growth Rate of Resources Is Zero and Real

question 79

True/False

If the growth rate of resources is zero and real output is growing at 4 percent, then total factor productivity has risen by 4 percent.

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Definitions:

Empowerment

The process of increasing the capacity of individuals or groups to make choices and transform those choices into desired actions and outcomes.

Learning Orientation

An attitude or approach that emphasizes acquisition of knowledge, skill development, and adapting based on new information.

Self-Leadership

A process whereby individuals influence themselves to achieve self-direction and self-motivation to perform.

Job Specialization

The process of focusing work roles and tasks on specific aspects of a job or industry to increase efficiency and expertise.