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.

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Definitions:

Organizational Identity

The self-concept of an organization, based on its central, distinctive, and enduring characteristics.

Implicit Employment Contract

An unwritten and unspoken agreement between an employer and employee that outlines mutual expectations, including job security and loyal service.

Job Rotation

An employment practice where employees are moved between two or more jobs in a planned manner to expose them to different experiences and widen their skills.

Development Opportunities

Situations or programs designed to cultivate employees' skills and competencies for their professional growth and advancement within an organization.