Author Question: Growth in total factor productivity equals the _____. a. sum of resource growth and economic growth ... (Read 213 times)

bclement10 · **on:** Jun 30, 2018

Growth in total factor productivity equals the _____.
a. sum of resource growth and economic growth
b. ratio of total output to total input
c. ratio of total input to total output
d. percentage change in per capita real GDP
e. percentage change in output minus the percentage change in resources

Question 2

If a price decrease leads to an increase in total revenue, demand must be:
a. perfectly inelastic.
b. relatively inelastic.
c. relatively elastic.
d. unit elastic.