In year one,capital stock was 6,labour input was 3,and output was 12.In year two,capital was 7,labour was 4,and output was 14.If shares of labour and capital were each 1/2,between the two years,total factor productivity:
A) increased by 1/12.
B) increased by 1/18.
C) decreased by 1/12.
D) decreased by 1/18.
Correct Answer:
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