In Dreamland, capital per hour of labor increased by 3 percent a year and technological change increased real GDP per hour of labor by 1 percent a year. Real GDP per hour of labor increased by
)
A) 4 percent a year
B) 6 percent a year
C) 2 percent a year
D) 5 percent a year
Correct Answer:
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Q240: Using growth accounting, technological change is calculated
Q241: The period in recent U.S. economic history
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Q247: Suppose a graph shows labor productivity in
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Q249: Productivity growth
A) was high in the 1960s,
Q250: Suppose that capital per hour of labor
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