If economic growth in a given year is 4 percent and the growth rate of resources

Question

If economic growth in a given year is 4 percent and the growth rate of resources is 6 percent, the change in total factor productivity is
-6 percent. -2 percent. +2 percent. +4 percent. +6 percent. Which of the following does nothelp to explain differences in growth rates across countries?
Differences in labor growth rates Differences in capital growth rates Differences in labor productivity growth rates Differences in total factor productivity growth rates Differences in inflation rates If economic growth in a given year is 4 percent and the growth rate of resources is 6 percent, the change in total factor productivity is
-6 percent. -2 percent. +2 percent. +4 percent. +6 percent. If economic growth in a given year is 4 percent and the growth rate of resources is 6 percent, the change in total factor productivity is
-6 percent. -2 percent. +2 percent. +4 percent. +6 percent. If economic growth in a given year is 4 percent and the growth rate of resources is 6 percent, the change in total factor productivity is
-6 percent. -2 percent. +2 percent. +4 percent. +6 percent. If economic growth in a given year is 4 percent and the growth rate of resources is 6 percent, the change in total factor productivity is
-6 percent. -2 percent. +2 percent. +4 percent. +6 percent. -6 percent. -2 percent. +2 percent. +4 percent. +6 percent. Which of the following does nothelp to explain differences in growth rates across countries?
Differences in labor growth rates Differences in capital growth rates Differences in labor productivity growth rates Differences in total factor productivity growth rates Differences in inflation rates Which of the following does nothelp to explain differences in growth rates across countries?
Differences in labor growth rates Differences in capital growth rates Differences in labor productivity growth rates Differences in total factor productivity growth rates Differences in inflation rates Differences in labor growth rates Differences in capital growth rates Differences in labor productivity growth rates Differences in total factor productivity growth rates Differences in inflation rates -6 percent.

Explanation / Answer

(1) +2 percent.

(2)Differences in total factor productivity growth rates

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