The Simplest Calculation of the Growth Rate of Multifactor Productivity

question 45

Multiple Choice

The simplest calculation of the growth rate of multifactor productivity starts with the growth rate of real GDP and then

• A)subtracts the growth rate of labor.
• B)subtracts the growth rate of capital.
• C)subtracts the growth rate of labor and some fraction of the growth rate of the capital-labor ratio.
• D)adds the growth rate of labor and then subtracts the depreciation and population growth rates.

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Definitions:

Placental Barrier

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Unborn Child

A developing fetus or embryo that has not yet been born, typically in the context of pregnancy.

Rooting Reflex

An innate reflex in newborns that prompts them to turn their head towards a touch on their cheek, facilitating the baby's search for a nipple to begin feeding.

Infant Son

A young male child in the earliest period of life, typically before he can walk or talk.