In a series of studies of economic growth conducted at the National Bureau of Economic Research eco

Question: #874

In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensus emerged later that _____ helped explain this gap.

a. technological change

b. measurement error

c. inaccurate price deflation

d. labor improvement

Solution: #880

In a series of studies of economic growth conducted at the National Bureau of Economic Research eco

In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed th...