The Solow residual is:
A) usually very small.
B) the part of economic growth that is caused by growth of the factors of production.
C) a measure of total factor productivity.
D) that proportion of economic growth not explained by any of the variables included in the Solow model.
Correct Answer:
Verified
Q30: When the learning-by-doing process is specified as
Q31: The learning-by-doing model:
A) exhibits increasing returns to
Q32: What comes first, basic scientific research or
Q33: Technological progress:
A) is similar no matter where
Q34: Paul Romer's definition of technology includes:
A) institutions.
B)
Q35: The Solow residual is estimated using the
Q37: A measure of an economy's technological progress
Q38: The estimates of total factor productivity presented
Q39: One of the issues not dealt with
Q40: Researchers seeking to estimate total factor productivity
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