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Author Question: Suppose that growth in output that can be attributed to growth in labor and capital is 2%. If output ... (Read 78 times)

jayhills49

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Question 1

Suppose that growth in output that can be attributed to growth in labor and capital is 6%. If output grows at a rate of 6%, it must be the case that


◦ the economy is not experiencing technological progress.
◦ growth in labor force exceeds growth in capital.
◦ growth in capital exceeds growth in labor.
◦ the economy is experiencing technological progress.

Question 2

Suppose that growth in output that can be attributed to growth in labor and capital is 2%. If output grows at a rate of 5%, it must be the case that


◦ growth in labor exceeds growth in capital.
◦ growth in capital exceeds growth in labor.
◦ the economy is experiencing technological progress.
◦ the economy is not spending enough on acquiring human capital.


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Marked as best answer by jayhills49 on Apr 19, 2019

Animal_Goddess

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