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Suppose an Economy Experience a 4% Increase in Each of the Following

Question 45

Multiple Choice

Suppose an economy experience a 4% increase in each of the following variables: N,K,and H (human capital) .Given this information,we know with certainty that


A) Y will increase by more than 4%.
B) Y will increase by exactly 4%.
C) Y will increase by less than 4%.
D) Y will increase by less than 12% but by more than 4%.
E) none of the above

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