The one- third rule states that, holding technology constant, for every 1 percent increase in
A) hours worked, real GDP will increase by 0.33 percent.
B) capital per hour of labor, real GDP per hour of labor will increase by 0.33 percent.
C) real wages, hours of work increase by 0.33 percent.
D) real wages, hours of work decrease by 0.33 percent.
Correct Answer:
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Q216: Workers who pursue an education directly increase
Q217: The more education that workers have, the
Q218: In addition to saving and investment in
Q219: Growth accounting is designed to measure the
Q220: Most is embodied in physical capital.
A) human
Q222: If capital per hour of labor grows
Q223: Suppose capital per hour of labor grows
Q224: Suppose capital per hour of labor grows
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Q226: Growth accounting breaks the growth rate of
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