Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.25 then growth of output can be estimated to be:
A. 6.00%.
B. 4.00%.
C. 4.75%.
D. 4.25%.
Answer: C
You might also like to view...
Suppose that Christine values a baseball hat at $20, and Mark values one at $18 . The pretax price of a baseball hat is $14 . The government imposes a $5 tax on baseball hats, which raises the price to $19 . What is the deadweight loss from the tax?
All of the following generate positive externalities EXCEPT
A) public health programs. B) a lower marginal tax rate for a household's income. C) requiring proof of inoculation before entering college. D) requiring proof of inoculation before entering elementary school.
Using the table above answer the following question. Assume that the marginal cost of production for this firm is $0
If this firm is a monopolist and can only charge a unique price in whole dollar amounts which price will he charge to maximize profits? How much revenue would the firm collect? How would this answer change if this firm were to practice perfect price discrimination?
The discovery of new oil deposits will cause
A) the long-run aggregate supply curve to shift to the right and the short-run aggregate supply curve to shift to the left. B) the long-run aggregate supply curve to shift to the right, but not the short-run aggregate supply. C) the short-run aggregate supply curve to shift to the right, but not the long-run aggregate supply curve. D) both the long-run and the short-run aggregate supply curves to shift to the right.