For the years 1995-2007, if output per person in the private sector grew 2.7 percent, capital intensity grew 1.1 percent, and labor composition grew 0.2 percent, what was the growth rate of total factor productivity?
A) 3.6 percent
B) 1.8 percent
C) 1.4 percent
D) 4.0 percent
E) 2.3 percent
Correct Answer:
Verified
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