The estimates of total factor productivity presented in the Supplement 4-2 suggest that technological progress:
A) is similar in most countries.
B) varies across countries but is nearly constant in each country from one period to another.
C) varies quite a bit across countries and over time.
D) is very slow in developing economies and fast in highly-developed countries.

Question

Quizplus · Accepted Answer

The estimates of total factor productivity presented in Supplement 4-2 suggest that technological progress varies quite a bit across countries and over time. Therefore, option C is the correct answer.

The Estimates of Total Factor Productivity Presented in the Supplement