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ice5192 ice5192
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6 years ago
In a typical aggregate production function, total factor productivity denotes the quantity of aggregate output that we cannot explain solely by the contributions of the labour and capital inputs. a) In reality, what explains total factor productivity and its movements over time? b) Discuss the problems we might face in trying to measure the factors contributing to changes in productivity over time.
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Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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ice5192 Author
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#2
5 years ago
Yes, correct
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