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:

Rational Exponents

An exponent that is a fraction, where the numerator indicates a power and the denominator indicates a root.

Rewrite

The act of expressing something in a different way or form, especially to clarify or simplify it.

Radical Expression

An expression that includes a square root, cube root, or higher root symbol.

Evaluate

To calculate the numerical value of; to determine the significance, worth, or condition of usually by careful appraisal and study.