Economics · Total Factor Productivity
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The Solow Residual fundamentally represents the portion of long-run economic growth that is completely explained by the continuous accumulation of capital and labour. Reason R: The Solow Residual measures Total Factor Productivity (TFP) by accounting for the portion of long-run economic growth that remains unexplained by simple capital and labour accumulation. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both A and R are correct but R is NOT the correct explanation of A
- 2A is correct but R is not correct
- 3A is not correct but R is correct✓
- 4Both A and R are correct and R is the correct explanation of A
Correct answer
A is not correct but R is correct
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Total Factor Productivity MCQs →Want more practice questions on Total Factor Productivity?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Total Factor Productivity