Question

Which of the following explain(s) differences in total factor productivity? group of answer choices a. institutions b. human capital c. technology

d. all of these answers are correct.

Answer 1

A.institutions

EXPLAINATION:

total factor productivity involves:

• total factor productivity involves:technological bases
• total factor productivity involves:technological baseshuman resources
• total factor productivity involves:technological baseshuman resourcesnatural resources
• total factor productivity involves:technological baseshuman resourcesnatural resources labour input

Note: institutions can not always be in the total factor productivity.