In Growth Accounting, the Residual, G_A, Is So Named Because

question 120

Multiple Choice

In growth accounting, the residual, g_A, is so named because:

• A) the economy is complicated.
• B) economists know exactly what contributes to growth.
• C) it is a way to measure observed TFP growth.
• D) it is a way to measure unobserved TFP growth.
• E) it measures labor composition.

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Definitions:

Solved

A term used to indicate that a problem or equation has been worked out and a solution has been found.

Systems Charge

A fee or cost associated with the use or maintenance of a system, which can vary depending on the type and purpose of the system.

Separated

The state of being divided or kept apart from something or someone else.

Picked Up

A phrase indicating that something has been lifted off a surface or that interest, intensity, or pace has increased.