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2 years ago

Changes that can increase measured total factor productivity include:

Business

1 answer:

dedylja [7]2 years ago

7 0

Answer:

The correct answer is letter "A": increased expenditures on education.

Explanation:

Total Factor Productivity (TFP) measures the total production of a region by dividing the total amount of output by the weighted average of inputs such as labor and capital. It represents growth in real output as a result of changes in labor and capital. Under such a scenario, changes in the expenditures for education would change the total factor of production since it has a direct impact on labor quality. The higher the expenses in education, the higher the quality of labor.

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Answer:

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3 years ago

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Answer:

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Explanation:

Given:

The board of directors at Millco announces plans to build six new regional factories in the United States that will produce capital and consumer goods for the entire western hemisphere.

To find: If economic growth increases or decrease.

Solution:

Economic growth will increase as more jobs will be provided which increases employment.

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2 years ago