# Total factor productivity growth is that part of

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Chapter 3 / Exercise 11
Elementary and Intermediate Algebra
Tussy/Gustafson
Expert Verified
9.Total factor productivity growth is that part of economic growth due to(a) capital growth plus labor growth.(b) capital growth less labor growth.(c) capital growth times labor growth.(d) neither capital growth nor labor growth.Answer: D
Level of difficulty: 1Section: 6.110.Over the past year, output grew by 4%, capital grew by 2%, and labor grew by 1%. If the elasticitiesof output with respect to capital and labor are 0.3 and 0.7, respectively, by how much didproductivity grow?
Level of difficulty: 2Section: 6.111.Over the past year, output grew by 5%, capital grew by 5%, and labor grew by 1%. If the elasticitiesof output with respect to capital and labor are 0.3 and 0.7, respectively, by how much didproductivity grow?
Level of difficulty: 2Section: 6.1
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Chapter 3 / Exercise 11
Elementary and Intermediate Algebra
Tussy/Gustafson
Expert Verified
88Abel/Bernanke • Macroeconomics, Fifth Edition12.In the second half of the 1990s, U.S. average labor productivity grew by
Level of difficulty: 1Section: 6.113.The growth rate of average labor productivity averaged over 2% per year from _____ but less than2% per year from _____.(a) 1970 to 1975; 1975 to 2000(b) 1970 to 1975 and 1995 to 2000; 1975 to 1995(c) 1970 to 1980; 1980 to 2000(d) 1990 to 2000; 1970 to 1990Answer: B
Level of difficulty: 1Section: 6.114.Labor productivity increased so much in the second half of the 1990s because of
Level of difficulty: 1Section: 6.115.Edward Denison found that labor’s contribution to output growth in the United States since 1929was attributable to all the factors below EXCEPT
Level of difficulty: 1Section: 6.116.Comparing the period from 1982 to 1997 with the earlier period from 1929 to 1982, productivitygrowth has _____ and input growth has _____.
Level of difficulty: 2Section: 6.1
Chapter 6Long-Run Economic Growth8917.All of the following are explanations of the post-1973 productivity slowdown EXCEPT(a) problems in measuring productivity.(b) changes in the legal and human environment.(c) higher oil prices.(d) greater competition from foreign imports.Answer: D
Level of difficulty: 1Section: 6.1