Multiple Choice
One popular measure of the rate of technological change is the rate
A) of profit from research and development.
B) of increase in the capital-output ratio.
C) of investment in human capital.
D) at which the gap between actual and potential output is narrowed.
E) of growth in output per worker.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: According to the Harrod-Domar growth model,an economy
Q5: A major reason why Henry Ford was
Q6: Human capital formation refers to<br>A) expenditures by
Q7: The standard of living in the industrialized
Q8: A subsistence standard of living coupled with
Q10: An important endogenous factor influencing a country's
Q11: The next question is based on the
Q12: Many of the basic innovations introduced into
Q13: The term marginal product of labor refers
Q14: The rate of economic growth and the