Over the past year, productivity grew 1%, capital grew 0%, and labor grew 5%. If the elasticities of output with respect to capital and labor are 0.4 and 0.6, respectively, how much did output grow?

A) 1%
B) 2%
C) 3%
D) 4%


D

Economics

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Philosopher John Rawls's argument in favor of income equality presumes that with no prior knowledge of where a person would fit into an income distribution, the person's fear of ending up in poverty overshadows his or her joy of ending up rich

Indicate whether the statement is true or false

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Forming a cartel is illegal in _____

a. the United States b. Canada c. India d. Australia

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Which country had the largest trade deficit in 2011?

a. Canada b. Mexico c. China d. Japan

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