Consider the following production function
Y = A×Ka×L1?a.
?
If a = 0.4, and over the past year output grew 4 percent, total factor productivity (TFP) grew 2.6 percent, and capital grew 2 percent, what was the growth rate of labor?
A. 4 percent
B. 3 percent
C. 2 percent
D. 1 percent
Answer: D
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