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Galina-37 [17]
3 years ago
12

The purpose of growth accounting is to estimate the contribution each component of the aggregate production function makes to ov

erall economic growth. estimate the growth rate of an economy. use the change in total factor productivity to estimate the growth rate of an economy. estimate the extent to which growing costs are affecting the overall performance of an economy.
Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

Estimate the contribution each component of the aggregate production function makes to overall economic growth

Explanation:

Growth accounting is a quantitative tool used to estimate the contribution each component of the aggregate production function makes to overall economic growth.

Growth accounting was first developed by Robert Solow.

The growth accounting equation is :

Capital Growth*(Weight of Capital's Contribution) + Labour Growth*(Weight of Labour's Contribution) + Technological Advancement

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Answer:

Acceleration, a = 28m/s²

Explanation:

Given the following data;

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Final velocity, v = 10m/s

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Substituting into the equation, we have;

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3 years ago
Bonita Manufacturing uses a flexible budget. It has the following budgeted manufacturing costs for 24700 pairs of shoes: Fixed M
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the  total budgeted manufacturing cost is $292,600

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The computation of the total budgeted manufacturing cost is shown below;

Total Budgeted Costs = Fixed Costs + Variable costs

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4 0
3 years ago
The bank forecloses on Lisa's apartment complex. The property had been pledged as security on a nonrecourse mortgage, whose prin
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Answer: $400,000

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Some companies want to get their products into as many outlets as possible, understanding that the more exposure a product gets,
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Mass Distribution

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