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Author Question: Assume that the economy grows by 3 percent, total factor productivity grows by 2 percent, and the ... (Read 81 times)

Diane

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on: Jun 30, 2018
Assume that the economy grows by 3 percent, total factor productivity grows by 2 percent, and the labor force grows at 2 percent. If labor contributes 40 percent to real GDP, then the stock of capital must have risen by 0.33 percent.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is not one variable in the equation of exchange?
 a. Real output.
 b. The interest rate.
 c. The money supply.
  d. The price level.


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Awesome

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

True

Answer to Question 2

b


Diane

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Reply 2 on: Jun 30, 2018
:D TYSM

nathang24

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Reply 3 on: Yesterday
Excellent

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