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If Output Per Hour Grows by 4 Percent and Capital

Question 136

Multiple Choice

If output per hour grows by 4 percent and capital per hour of work grows by 6 percent, then, based on Solow's growth accounting formula, the growth rate of technology is


A) 6 percent.
B) .67 percent.
C) 2 percent
D) 0 percent.
E) 1 percent.

Correct Answer:

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