The Growth of "Total Factor Productivity," or the "Solow Residual

question 33

Multiple Choice

The growth of "total factor productivity," or the "Solow residual," is equal to the growth in real GDP

• A)accounted for by changes in all factors of production but excluding technological changes.
• B)accounted for by changes in all factors of production and including technological changes.
• C)that cannot be accounted for by changes in the quantities of labour and capital.
• D)that cannot be accounted for by changes in technology.
• E)that cannot be accounted for by changes in the labour force.

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