Which of the Following Is True About Total Factor Productivity

question 25

Multiple Choice

Which of the following is true about total factor productivity (TFP) ?

• A)it tells us how productive capital and labor are
• B)it is a more general and better measure of productivity than labor productivity
• C)it is not directly measurable
• D)all of the above
• E)none of the above

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Definitions:

Serial Passage

A method used in microbiology and virology involving the sequential transfer of a sample containing viruses or bacteria from one culture medium to another to study the evolution of the pathogen.

Jumped

In a biological context, often used metaphorically to describe a sudden change or rapid evolution in a species or genetic material.

Species

A fundamental category in biological classification, defined as a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Pandemic

An outbreak of a disease that occurs over a wide geographic area and affects an exceptionally high proportion of the population.