Multiple Choice
Suppose the current lever of output is 5000.A 10% increase in productivity would increase the current level of output to
A) 5050.
B) 5100.
C) 5500.
D) 6000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q45: You believe that democracy is compatible with
Q46: If the saving rate in Canada increases,the
Q47: In a neoclassical model of growth,an increase
Q48: If f(k)= 8k⁰.⁵,s = 0.2,n = 0.3,and
Q49: Which of the following describes the difference
Q51: Unconditional convergence means that in the long
Q52: Describe the pros and cons of industrial
Q53: In the long run,a productivity improvement will
Q54: Suppose the current level of output is
Q55: How does the possibility of international trade