Multiple Choice
Which of the following is true about labor productivity?
A) it is the amount of output produced per unit of labor
B) it is easier to measure than total factor productivity (TFP)
C) it is more commonly mentioned in the media than total factor productivity (TFP)
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Use the Cobb-Douglas production function to explain
Q9: The marginal product of capital (MPK)is given
Q10: Which of the following is true about
Q11: An example of a supply shock could
Q12: What do you think would be the
Q14: Suppose than an economy has output Y
Q15: Since the 1980s,China's output per person has
Q16: The marginal product of capital (MPK)measures _.<br>A)by
Q17: The marginal product of capital (MPK)can be
Q18: Which of the following is true about