Change in "total factor productivity" may be explained by
A)the relative rates of growth of crime and pollution control measures.
B)changes in the quality and composition of the labor force.
C)changes in the scale of production.
D)All of the above.

Question

Quizplus · Accepted Answer

Total factor productivity is a measure of the efficiency of production, which depends on factors such as technology, organization, and management. Changes in the quality and composition of the labor force, such as improvements in education and training, can lead to increases in total factor productivity. While changes in the scale of production and pollution control measures may affect productivity indirectly, they are not direct determinants of productivity. Crime is also not a factor that directly influences total factor productivity.

Change in "Total Factor Productivity" May Be Explained by