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:

Radial Pulse

The pulse felt at the wrist on the side of the thumb, indicative of heart rate and rhythm.

Doppler Device

A medical device that employs Doppler ultrasound technology to produce images and sounds of blood flow or movement within the body.

Auscultate

The act of listening to the sounds made by internal organs, typically with a stethoscope, for medical diagnosis.

Stethoscope Diaphragm

The flat, circular part of a stethoscope used for listening to high-frequency sounds in the body, such as heart and lung sounds.