The Total Factor Productivity Is

question 95

Multiple Choice

The total factor productivity is

• A)a measure of the overall effectiveness with which capital and labour are used.
• B)shown by A in the production function Y = AF(K.N).
• C)used as a measure of technological improvement.
• D)all of the above.

---

Definitions:

Birth Rate

The annual number of births per 1,000 people in a population.

Population

The total number of individuals or entities within a defined area or group at a specific time.

Per Annum

An annual rate or measurement, often used in the context of interest rates or financial growth rates.

Compounds Interest

Interest calculated on the initial principal as well as the accumulated interest of previous periods of a deposit or loan.