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Total Factor Productivity Growth Is That Part of Economic Growth

Question 11
Multiple Choice

Total factor productivity growth is that part of economic growth due to A)capital growth plus labor growth. B)capital growth less labor growth. C)capital growth times labor growth. D)neither capital growth nor labor growth.

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Q 12
Over the past year,output grew 4%,capital grew 2%,and labor grew 1%.If the elasticities of output with respect to capital and labor are 0.3 and 0.7,respectively,how much did productivity grow? A)2.0% B)2.7% C)3.0% D)3.3%
Q 13
Over the past year,output grew 5%,capital grew 5%,and labor grew 1%.If the elasticities of output with respect to capital and labor are 0.3 and 0.7,respectively,how much did productivity grow? A)0.5% B)1.0% C)2.2% D)2.8%
Q 14
Over the past year,output grew 6%,capital grew 2%,and labor grew 4%.If the elasticities of output with respect to capital and labor are 0.3 and 0.7,respectively,how much did productivity grow? A)2.0% B)2.6% C)3.0% D)3.3%
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