Tutorial_Answers_Lecture06_Ch06_Growth_and_Accumulation - Tutorial for Lecture 6 Growth and Accumulation(Chapter 6 Multiple Choice Questions 1 The

Tutorial_Answers_Lecture06_Ch06_Growth_and_Accumulation -...

This preview shows page 1 - 2 out of 5 pages.

Tutorial for Lecture 6 Growth and Accumulation (Chapter 6) Multiple Choice Questions 1. The relationship between the output produced in an economy, the input of factors of production and the state of technological knowledge is called the: A. aggregate supply function. B. aggregate production function. C. aggregate investment function. D. marginal product of labour. E. marginal product of capital. 2. Which of the following is NOT a source of economic growth? 3. The concept of diminishing marginal returns implies that: 4. Growth accounting explains: 5. Labour productivity: A. is the same as total factor productivity. B. is unaffected by innovations. C. decreases as the amount of capital per worker increases. D. is defined as Y/N. E. none of the answers given here are correct.
Background image
Image of page 2

You've reached the end of your free preview.

Want to read all 5 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture