If the Rate of Technical Progress Decreases, Then the Growth

question 100

Multiple Choice

If the rate of technical progress decreases, then the growth

• A)of the labor force will decrease.
• B)of the capital stock will decrease.
• C)rate of potential GDP will decrease.
• D)rate of unemployment will decrease.

---

Definitions:

Different Segments

This refers to the division of a business into multiple parts for analysis, accounting, or management purposes, based on products, services, geographic locations, or customer types.

Increasing Costs

A situation where the costs of producing goods or services rise, possibly due to factors like inflation, increased labor costs, or higher material prices.

FIFO Method

A method of inventory valuation where the first items placed in inventory are the first sold, standing for "First In, First Out."

Inventory Amount

refers to the total cost or market value of all the goods and materials a company has in stock at a given time.