Examlex

Solved

According to Estimates of the Aggregate Production Function,each 1% Increase

question 206

True/False

According to estimates of the aggregate production function,each 1% increase in physical capital,holding human capital and technology constant,raises labour productivity by 0.33%.


Definitions:

Official Name

The formal or legally recognized name given to an entity, organization, place, or individual.

Generic Name

A drug’s official name.

Debit Postings

Accounting entries that increase an asset or expense account, or decrease equity, liability, or revenue accounts.

Credit Postings

Entries that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts.

Related Questions