Multiple Choice
If the growth rate of technology is 3 percent over a given period of time and there has been no change in the amount of capital per hour worked,then,based on Solow's growth accounting formula,the growth rate of real GDP per hour of work will be
A) 3.33 percent.
B) 1 percent.
C) 2.67 percent.
D) 3 percent.
E) 2 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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