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Author Question: Suppose the growth rate of GDP in the United States is 4.2 percent. If 1.1 percent and 1.4 percent ... (Read 171 times)

big1devin

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on: Jun 30, 2018
Suppose the growth rate of GDP in the United States is 4.2 percent. If 1.1 percent and 1.4 percent of GDP growth are due, respectively, to capital and labor growth, the amount resulting from technological progress is
 
  A) 0.3 percent. B) 1.1 percent. C) 1.4 percent. D) 1.7 percent.

Question 2

Hector voluntarily left his job to search for a job in accounting, the field in which he has his bachelor's degree. Hector is considered
 
  A) frictionally unemployed. B) not to be unemployed.
  C) structurally unemployed. D) cyclically unemployed.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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swimkari

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


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