According to Solow's estimate, out of the average annual economic growth rate of 2.9% for the U.S.from 1909 to 1949, how much was attributable to the accumulation of capital?
A)0)12%
B)0)32%
C)0)75%
D)1)22%
E)1)55%

Question

Quizplus · Accepted Answer

Solow's estimate suggests that about one-third of the average annual economic growth rate of 2.9% for the U.S. from 1909 to 1949 was attributable to the accumulation of capital. Therefore, the correct choice is B) 0.32%.

According to Solow's Estimate, Out of the Average Annual Economic