If the Growth Rate of Capital Per Hour of Work

question 85

Multiple Choice

If the growth rate of capital per hour of work is 3 percent over a given period of time and the growth rate of technology is 2 percent, then, based on Solow's growth accounting formula, the growth rate of real GDP per hour of work will be

• A)3.67 percent.
• B)2.33 percent.
• C)1.33 percent.
• D)1 percent.
• E)3 percent.

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Definitions:

Cultural Factors

Elements of culture that influence individuals' behaviors, attitudes, and beliefs, impacting social interactions and practices.

Organizational Factors

Elements within a business or institution that influence its culture, performance, and operations, including policies, structures, and resources.

Assertive Values

The beliefs and principles that underline the importance of direct, honest, and respectful communication in asserting one's rights and needs.

GLOBE Model

A framework for studying the relationship between culture and leadership across different countries and cultures.