Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn

Exercise 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 capital, improved resource allocation, education and training, and technological advance.