In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensus emerged later that _____ helped explain this gap.
a. technological change
b. measurement error
c. inaccurate price deflation
d. labor improvement
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- Submitted On 03 Feb, 2015 12:36:14