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Author Question: If the growth rate of resources is 2 percent and per capita real output is growing at 4 percent, ... (Read 93 times)

storky111

  • Hero Member
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  • Posts: 561
on: Jun 30, 2018
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
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  • Posts: 363
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


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