Which of the Following Describes the One- Third Rule

question 239

Multiple Choice

Which of the following describes the one- third rule?

• A) If capital per hour of labor increases by 3 percent, labor will increase by 1 percent.
• B) If capital per hour of labor increases by 3 percent, real GDP per hour of labor will increase by 1 percent.
• C) A 1/3 percent increase in capital per hour of labor leads to a 1 percent increase in real GDP per hour.
• D) A 1/3 percent increase in capital per hour of labor leads to a 1/3 percent increase in labor per hour of capital.

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