Total Factor Productivity Assignment
February 24th, 2020
Suppose that output growth in Felicidad is 1% per year, the growth rate of capital is 2%, and the growth rate of lebor is 1.5%. Assuming that a 0.3, the growth rate of total factor productivity In Felicidad is…….
Which of the following facts about the total factor productivity in the United States are true? Check all that apply.
TEP measures just hours worked.
Average growth of TFP has been about 1.2 % per year since the mid 1950s.
TFP accounts not just for hours worked, but also for the quality of those hours.
Since the mid 1950s, average growth of TFP has been-2% per year. Get Finance homework help today