The Method of Constructing a Measure of Technological Progress Relies

question 46

Multiple Choice

The method of constructing a measure of technological progress relies on which of the following assumptions?

• A)each factor of production is paid its marginal product
• B)population growth does not change
• C)population growth is zero
• D)the saving rate does note change

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Definitions:

Prevalence

The proportion of a population found to have a particular condition or characteristic at a specific time.

Distance

The amount of space between two points, measured physically or conceptually.

Details

specific pieces of information or features that contribute to a fuller or more precise understanding of a topic or situation.

Buying Behavior

The decision processes and acts of people involved in buying and using products.