An economy is growing at 5%,suppose physical capital per worker grows at 4%,human capital per worker grows at 3% and assume that physical capital share of output is 0.3,how much does total factor productivity grow?
A) 0.7 percentage points
B) 1 percentage points
C) 1.2 percentage points
D) 1.7 percentage points
Correct Answer:
Verified
Q19: Increasing returns to scale refers to a
Q20: Economic growth takes place when total income
Q21: Decreasing returns to scale refers to a
Q22: _ provides a method to examine the
Q23: _ provides a method to examine the
Q25: Provide a list of proximate sources of
Q26: The purpose of growth accounting exercises is
Q27: An economy is growing at 5%,suppose physical
Q28: If we graph the average product of
Q29: Which of the following may increase labor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents