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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