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Discuss 3 policies designed to raise productivity growth (TFP)

Discuss 3 policies designed to raise productivity growth (TFP)

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Answer #1

Productivity is a measure of the efficiency of factors of production.hence policy to raise productivity growth is-

Increased government and private sector investment on infrastructure . expand the size of the Capital stock and reduce the average age of Capital by encouraging a higher level of business investment.tax and welfare reforms to improve work incentives and Increase the income from people working more productivity, improving the quality and access to health care etc.

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