According to Robert Solow's one- third rule, if both capital per hour of labor and real GDP per hour of labor grow by 3 percent a year, then we can conclude that
A) capital growth contributed one- third of one percent to GDP growth
B) most of the growth in GDP per hour of labor was due to growth in capital per hour of labor.
C) technological change contributed 2 percent to growth in GDP per hour of labor.
D) the one- third rule has been violated.
Correct Answer:
Verified
Q252: Q253: Suppose that capital per hour of labor Q254: Suppose that capital per hour of labor Q255: Over the last year, country Y's capital Q256: Suppose that real GDP per hour of Q258: In Lotusland, real GDP per hour of Q259: In 2006, capital per hour of labor Q260: Productivity growth Q261: In the United States, which of the Q262: Helping create the 1973- 1983 slowdown in
A) was constant from 1960 to
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