Identify the 5 Correct Statements

Essay

Identify the 5 correct statements
1. The term "Great Divergence" signifies the recent economic rise of China.
2. For cross-country comparisons of GDP per capita it is best to measure it in purchasing power parity dollars.
3. Culture is an important proximate factor of growth.
4. Chance can indeed be a fundamental factor of growth
5. Growth accounting aims at quantifying the contribution of the proximate factors to economic growth.
6. Labour productivity can only be increased by increases in total factor productivity (TFP).
7. TFP measures the impact of new capital investments on productivity.
8. For a full catch-up with a country at the technological frontier, technological catch-up will typically be accompanied by capital deepening.
9. The Environmental Kuznets Curve describes a potential empirical relation between per-capita income and the degree of pollution.
10. "Directed technological change" means that technical progress is controlled by the state.