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For the Years 1948-1973, Output Per Person in the Private

Question 69

Multiple Choice

For the years 1948-1973, output per person in the private sector grew 3.3 percent, labor composition grew 0.2 percent, and total factor productivity grew 2.2 percent. What was the growth rate of capital intensity?


A) -1.5 percent
B) 1.3 percent
C) 3.2 percent
D) 5.3 percent
E) 0.9 percent

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