Assume That an Economy Described by the Solow Model Is

Assume that an economy described by the Solow model is in a steady state with output and capital growing at 3 percent and labour growing at 1 percent. The capital share is 0.3. The growth-accounting equation indicates that the contributions to growth of capital, labour, and total factor productivity are:

A) 0 percent, 1 percent, and 2 percent, respectively.
B) 0.3 percent, 0.7 percent, and 2 percent, respectively.
C) 0.9 percent, 0.7 percent, and 1.4 percent, respectively.
D) 1.8 percent, 0.3 percent, and 0.9 percent, respectively.