Suppose That Growth in Output That Can Be Attributed to Growth

question 71

Multiple Choice

Suppose that growth in output that can be attributed to growth in labor and capital is 6%. If output grows at a rate of 6%, it must be the case that

• A) the economy is not experiencing technological progress.
• B) growth in labor force exceeds growth in capital.
• C) growth in capital exceeds growth in labor.
• D) the economy is experiencing technological progress.

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Definitions:

Reciprocity

A social norm where a positive action leads to another positive action, fostering mutual exchange and cooperation among individuals.

Conscientious Employees

Employees who are diligent, responsible, and reliable in their work, often exceeding job expectations.

Constructive Resistance

Opposition or push-back that is intended to bring about positive change or improvement.

Dysfunctional Resistance

Counterproductive opposition to change or new ideas, which can harm an organization or group's progress.