Examlex
The difference between total factor productivity (TFP) in the Solow model and the stock of ideas in the Romer model is that:
Subjective
Relating to experiences, perspectives, or perceptions that are influenced by personal feelings, tastes, or opinions.
Objective
Pertains to observations or measures that are not influenced by the observer's feelings, interpretations, or prejudice, and thus considered unbiased.
Inaccurate
Not correct, precise, or true; containing errors or mistakes.
Decay Theory
The hypothesis that memory fades and disappears over time if not used or revisited.
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