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If Productivity Growth Equals 3

Question 9

Multiple Choice

If productivity growth equals 3.0 percent,the contribution from capital growth 1.2 percent and the contribution from labor growth 2.0 percent,then output growth must equal ________.


A) 2.2 percent
B) 4.2 percent
C) 6.2 percent
D) 7.2 percent

Correct Answer:

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