6. What is growth accounting? To what extent have increases in U.S. real GDP resulted from more...

Question:

6. What is growth accounting? To what extent have increases in U.S. real GDP resulted from more labor inputs? From greater labor productivity? Rearrange the following contributors to the growth of productivity in order of their quantitative importance:

economies of scale, quantity of capital, improved resource allocation, education and training, and technological advance. LO8.4

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

Question Posted: