Key Terms

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

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Rule of 70, p. 380

Labor productivity, p. 382

Productivity, p. 382

Physical capital, p. 383

Human capital, p. 383

Technological progress, p. 383

Aggregate production function, p. 384

Diminishing returns to physical capital, p. 384

Growth accounting, p. 386

Total factor productivity, p. 387

Research and development (R&D), p. 391

Infrastructure, p. 392

Convergence hypothesis, p. 397

Sustainable long-run economic growth, p. 400

408