For the years 1948-1973, output per person in the private sector grew 3.3 percent, labor composition grew 0.2 percent, and total factor productivity grew 2.2 percent. What was the growth rate of capital intensity?
A) -1.5 percent
B) 1.3 percent
C) 3.2 percent
D) 5.3 percent
E) 0.9 percent
Correct Answer:
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