Multiple Choice
The rate of growth of labor productivity (Y/L) may be expressed as the rate of growth of total factor productivity:
A) plus the capital share multiplied by the rate of growth of the capital-labor ratio.
B) minus the capital share multiplied by the rate of growth of the capital-labor ratio.
C) plus the rate of growth of capital productivity.
D) minus the rate of growth of capital productivity.
Correct Answer:
Verified
Correct Answer:
Verified
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