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:

Optic Nerve

The nerve that transmits visual information from the retina to the brain.

Blind Spot

The point in each retina where there are no rods or cones because the cable of ganglion cells is extending through the retinal wall.

Optic Nerve

A nerve in the brain that carries information related to vision from the retina directly to the brain.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, contributing to the eye's ability to focus.