Define total factor productivity and explain why economists use it to understand whether growth in East Asia

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Define total factor productivity and explain why economists use it to understand whether growth in East Asia is similar to growth elsewhere.

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International Economics

ISBN: 9781292433998

8th Global Edition

Authors: James Gerber

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Question Posted: Dec 12, 2023 12:56 AM

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Define total factor productivity and explain why economists use it to understand whether growth in East Asia

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Total factor productivity TFP is a measure used in economics to gauge the efficiency and productivity of an economy or a firm It represents the portio...View the full answer

International Economics

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