The Idea That Measurement Problems Could Explain the Productivity Slowdown

question 60

Multiple Choice

The idea that measurement problems could explain the productivity slowdown since 1973 is based on the fact that

• A)official output measures make no adjustment for quality.
• B)output can't be measured.
• C)capital can't be measured.
• D)quality improvements aren't fully accounted for in the data.

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Definitions:

Liable

Being legally responsible or obligated to make amends for harm caused to another person or property.

Drawee

The party upon whom a check, draft, or other negotiable instrument is drawn and is expected to pay.

Drawer

In banking and finance, the person who writes or issues a check or draft.

Payee

The individual or entity to whom a payment is made or owed, especially noted in the context of checks or promissory notes.