6. What is growth accounting? To what extent have increases in U.S. real GDP resulted from more...
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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
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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