If the rate of total factor productivity growth is 3%, the growth rate of the capital stock is 4%, the growth rate of the labor force is 2%, and the share of capital is .5, then the growth rate of output per worker is 4%, while the growth rate of output is O 2%. the growth rate of output is 4%, while the growth rate of output per worker is O 2%. None of the above the growth rate of output is 6%, while the growth rate of output per worker is 4%. the growth rate of output per worker is 6%, while the growth rate of output is O 4%.

If the rate of total factor productivity growth is 3%, the growth rate of the capital stock is 4%, the growth rate of the labor force is 2%, and the share of capital is .5, then the growth rate of output per worker is 4%, while the growth rate of output is O 2%. the growth rate of output is 4%, while the growth rate of output per worker is O 2%. None of the above the growth rate of output is 6%, while the growth rate of output per worker is 4%. the growth rate of output per worker is 6%, while the growth rate of output is O 4%.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 11P

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1. Over the period from B.C. 10,000 to A.D. 1, the world population is estimated to have increased from 4 million to 170 million, while the level of income per capita was constant over time. Assuming that the quantities of human and physical capital per worker did not change, and that the exponent on land in the production function is one-third, calculate the growth rate in productivity over this period. What was the annual growth rate of productivity, A?
My courses / ECON202-20202 / My Assessments / MIDTERM EXAM If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then South Korea is experiencing of O a. a slower economic growth than the US. b. no economic growth. estion O c. the same economic qrowth as the US. O d. a faster economic growth than the US. Next page A Chapter 6 In Class Practice Jump to... eu are logged in as ABDULRAHMAN ALSAEEM (Log out) Copyright © 2020 All Rights Reserved. MacBook Pro @ 2# % & 2 3 4 5 7 8 A E R T Y ض ق そ A S » G H. J K V B i く 6. つつ > *3
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