Business, 21.02.2021 06:00 Christalex9874

Increases in total factor productivity (TFP) can generate sustained increases in per capita output growth because increasing
TFP does not cause diminishing returns
TFP lowers the capital stock
TFP lowers human capital
TFP increases the population
Question 9
1 pts
Between 1980 and 2017,
both China and India experienced increased standards of living
India experienced increased standards of living but China did not
Neither India nor China experienced increased standards of living
China experienced increased standards of living but India did not

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Increases in total factor productivity (TFP) can generate sustained increases in per capita output...