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Suppose That Everyone in the Population of Country a Is

Question 1

Multiple Choice

Suppose that everyone in the population of Country A is employed and equally productive. If the population grows by 5%,hours of work fall by 3%,and output per hour grows by 4%,then output per person,or output per capita rises by approximately


A) 1%
B) 6%
C) 12%
D) 3%
E) 7%

Correct Answer:

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