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Basic Question 8 of 11
An increase in TFP:
B. affects the relative productivity of labor.
C. does not affect the relative productivity of the inputs.
A. affects the relative productivity of capital.
B. affects the relative productivity of labor.
C. does not affect the relative productivity of the inputs.
User Contributed Comments 2
| User | Comment |
|---|---|
| kei1122 | Why it doesnt affect the productivity of labor? |
| akirchner1 | Because labor is an input. |
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Learning Outcome Statements
contrast capital deepening investment and technological progress and explain how each affects economic growth and labor productivity;
demonstrate forecasting potential GDP based on growth accounting relations;
CFA® 2025 Level II Curriculum, Volume 1, Module 9.