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For the Years 1987-2005,output Per Person in the Private Sector

Question 2

Multiple Choice

For the years 1987-2005,output per person in the private sector grew 2.3 percent;capital intensity grew 0.9 percent;and total factor productivity grew 1.1 percent.What was the growth rate of labor composition?


A) 1.2 percent
B) 2.0 percent
C) 0.4 percent
D) 4.3 percent
E) Not enough information is given.

Correct Answer:

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