Question

which of these is not a key way the government contributes to a country's total factor productivity? please choose the correct answer from the following choices, and then select the submit answer button. answer choices the government acts as a promoter of free and competitive markets. the government acts as a facilitator of economic growth. the government increases physical capital usage and becomes more capital intensive. the government controls prices in the goods and services markets.

Answer 1

The government acts as a promoter of free and competitive markets. This  is not a key way the government contributes to a country's total factor productivity.

What is Total Factor Productivity (TFP)?

The total factor productivity (TFP) is a figure that illustrates a company's productivity by comparing how much it produces with how much it must spend to get that result. It is computed by dividing your total output (production) by average costs (inputs).

The efficiency and performance level of a corporation are determined using the total factor productivity. It makes an effort to determine how effectively the inputs have been translated into the output. In honor of American economist Robert Solow, the TFP is also referred to as the Solow residual.

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