The coefficient on the growth of capital per hour of work in the growth accounting formula is
A)exactly one-fourth.
B)exactly one-third.
C)approximately two-thirds.
D)exactly two-thirds.
E)approximately one-third.

Question

Quizplus · Accepted Answer

The coefficient on the growth of capital per hour of work in the growth accounting formula is approximately one-third, reflecting the typical share of capital in national income.

The Coefficient on the Growth of Capital Per Hour of Work