Keeping Total Factor Productivity Constant,as the Capital-Labour Ratio Increases,labour Productivity
Multiple Choice
Keeping total factor productivity constant,as the capital-labour ratio increases,labour productivity
A) increases at a constant rate.
B) increases at an increasing rate.
C) increases at a decreasing rate.
D) does not change.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Labour-augmenting technological change refers to improvements in
Q30: According to the AK growth model,increasing human
Q31: How will each of the following affect
Q32: In the Solow growth model,a change in
Q33: Balanced growth paths can differ across countries
Q35: The labour input in the production function
Q36: In the production function for new ideas
Q37: Due to diminishing marginal returns,the ultimate source
Q38: Suppose y = k¹/²,total factor productivity is
Q39: As the capital-labour ratio increases,real GDP per