Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy Human Development Indices and Concepts
Consider the following statements about Total Factor Productivity
1. The rate of TFP growth is calculated by subtracting growth rates of labor and capital inputs from the growth rate of output.
2. Total Factor Productivity (TFP) is often considered the primary contributor to GDP Growth Rate.
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2