If Capital Per Hour of Work Is Growing at a Rate

question 112

Multiple Choice

If capital per hour of work is growing at a rate of 3 percent and the government wants output per hour of work to grow at 4 percent, how high does the growth rate of technology have to be?

• A)0 percent
• B)4 percent
• C)3 percent
• D)2 percent
• E)1 percent

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Definitions:

Political Polarization

The process by which the public's political opinions diverge significantly, often leading to two major, opposing viewpoint groups within a society.

Congressional Republicans

Members of the United States Congress who are part of the Republican Party, typically advocating conservative policies.

Congressional Democrats

Members of the Democratic Party who serve in the United States Congress, shaping and supporting legislation aligned with their party's policies.

Civil Rights

The rights of citizens to political and social freedom and equality.