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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they am combined?

To determine

To write: The determinants of growth according to accounting studies and if determinantsare more important or the way in which they are combined is more important.

Explanation

For growth in production, it is important how inputs are combined with technology. There may be a technological improvement but unless they are app...

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