I need answer typing clear urjent no chatgpt i will give upvote B's.Country A and Country B have an identical level of technology and the same quantity of labour. Country A, however, has a larger quantity of capital.Country A's output per labour will be B's and its total factor productivity will bethe same as; lowerhigher than; the same aslower than; the same aslower than; lower thanhigher than; lower than

Total factor productivity (TFP) refers to a measure of the efficiency with which inputs (like labor…

Country A and Country B have an identical level of technology and the same quantity of labour. Country A, however, has a larger quantity of capital. A's output per labour will be B's and its factor productivity will B's. O the same as; lower O higher than; the same as O lower than; the same as lower than; lower than O higher than; lower than

Country A and Country B have an identical level of technology and the same quantity of labour. Country A, however, has a larger quantity of capital. A's output per labour will be B's and its factor productivity will B's. O the same as; lower O higher than; the same as O lower than; the same as lower than; lower than O higher than; lower than

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 14E

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Similar questions

In the Cobb-Douglas production function, Y = K°L!-a, if a = 1/4, then O labor's share of GDP is half. O capital's share of GDP is one-fourth. capital's share of GDP is three-fourths. capital's share of GDP is four.
If country A produces 6,000 units of goods and services using 600 hours of labor, and country B produces 5,000 units of goods and services using 450 units of labor, then productivity is higher in Country B than in Country A. Select one: O a. Fales. O b. True.
Which of the following is correct? a)A decrease in theproductivity of labour leads to economic growth. b)An increase in thequantity of labor always leads to economic growth. c)Increased educationadds to the stock of human capital, not unlike building factories adds to thestock of physical capital. d)Third World countriesare rich in human capital.
Compare and contrast human capital, H, and physical capital, K. How is H different from labour, L?
Is capital a man - made productive resources
Capital goods A B AL D Consumer goods Other things being equal, this society's current choice of point F on the graph will allow it to achieve less rapid growth than the choice of point D. B be unattainable because it currently exceeds the productive capacity of this economy. allow it to achieve more rapid economic growth than the choice of point D. cause a slower rate of economic growth than the choice of point D.
Which of the following would not affect labor productivity, i.e. more output per unit of labor hour? Select one: a. When interest rates decrease and government spending increase. b. when labor is reallocated from less-efficient industries to more-efficient industries. c. when production is better organized and managed d. technological progress e. the health, training, education, and motivation of workers improve f. the quantity of capital goods available to workers
Which of the following statements about labour productivity (Y/L), also known as the average product of labour are correct? Select one or more: a. A rise in labour productivity must imply job losses b. If Y is fixed A rise in labour productivity must imply job losses c. With a standard production function, if L falls, without any change in technology or capital intensity, labour productivity must rise d. A rise in labour productivity at the same time as a rise in employment is logically impossible
Give Some examples of different types of productivity measures?
Show graphically on the same x and y axis what happens to this production function if there is a technological advancement in this economy. Don,t copy from anywhere.
Why does an increase in the labor force cause the Market Productivity of Capital to increase?
Why do Urban populations are capital accumulating whereas rural populations are capital consuming?