The elasticity of output with respect to capital
A) is the increase in output resulting from an increase in the capital stock.
B) is the percentage increase in output resulting from a 1 % increase in the capital stock.
C) is always greater than one.
D) is the inverse of the elasticity of output with respect to labor.
Correct Answer:
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Q2: Over the past year,productivity grew 1%,capital grew
Q3: The growth accounting equation is
A)Y = AaKK
Q4: Over the past year,productivity grew 1.8%,capital grew
Q5: Over the past year,output grew 6%,capital grew
Q6: Over the past year,productivity grew 1%,capital grew
Q8: Over the past year,output grew 5%,capital grew
Q10: Over the past year,output grew 5%,capital grew
Q11: Suppose the current level of output is
Q12: Over the past year,output grew 4%,capital grew
Q12: Over the past year,output grew 4%,capital grew
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