What is the growth in resources when total factor productivity grows by 1.5 percent and the economy grows by 4 percent?
A) 6 percent
B) 5.5 percent
C) 4 percent
D) 2.5 percent
E) 1.5 percent

Question

Quizplus · Accepted Answer

The growth in resources is the difference between the economy's growth rate and the growth rate of total factor productivity. Here, 4% (economy growth) - 1.5% (TFP growth) = 2.5%.

What Is the Growth in Resources When Total Factor Productivity