Author Question: If the growth rate of resources is 2 percent and per capita real output is growing at 4 percent, ... (Read 96 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
If the growth rate of resources is 2 percent and per capita real output is growing at 4 percent, then total factor productivity has fallen by 4 percent.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Producer surplus is always the total area below the demand curve and above the supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false



xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Answer to Question 1

False

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

For a complete list of videos, visit our video library