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. 4.25%.
B. 4.00%.
C. 6.00%.
D. 4.75%.
D. 4.75%.
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Refer to the above table. At what quantity of labor does the law of diminishing marginal product set in ?
a. after 2 units b. after 6 units c. after 3 units d. after 1 unit
Actuarily fair insurance reduces risk without changing the expected value of a gamble.
Answer the following statement true (T) or false (F)
What makes the macroeconomic performance of the 1993 to 1998 period so unusual is the
A. simultaneous occurrence of unemployment and inflation increases. B. simultaneous occurrence of real GDP decreases and inflation rate increases. C. occurrence of real GDP decreases while the unemployment rate increases. D. simultaneous occurrence of reduced unemployment rates and falling inflation rates.
Trade policies in which industries have been the most contentious in the Doha Round?
What will be an ideal response?