Multiple Choice
A measure of an economy's technological progress can be found if there is data on:
A) the growth of labor and capital, the income shares of labor and capital, and the growth of total output (GDP) .
B) the growth of output and the growth of population.
C) the economy's expenditures on education.
D) the economy's level of investment, depreciation, and population growth.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Technological progress:<br>A) is similar no matter where
Q11: Evidence of learning-by-doing has been found in
Q12: Technological progress has been characterized as:<br>A) path
Q13: The learning-by-doing model:<br>A) exhibits increasing returns to
Q14: Among the characteristics of technology is/are:<br>A) technological
Q16: Externalities:<br>A) are incidental by-products of some other
Q17: The AK model generates permanent economic growth
Q18: Which of the following is not one
Q19: Paul Romer's definition of technology includes:<br>A) institutions.<br>B)
Q20: A learning curve relates:<br>A) the costs of