In Lotusland, Real GDP Per Hour of Labor Grows at 6

question 155

Multiple Choice

In Lotusland, real GDP per hour of labor grows at 6 percent a year and capital per hour of labor increases by 6 percent a year. The one- third rule tells us that capital per hour of labor increased real GDP per hour of labor by .

• A) 2 percent a year
• B) 3 percent a year
• C) 6 percent a year
• D) 12 percent a year

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Definitions:

Suberin

A waxy hydrophobic substance found in the cell walls of plants, acting as a barrier to water and solute movement.

Lignin

A complex organic polymer found in the cell walls of many plants, making them rigid and woody, and contributing to their structural support.

Meristem

A region in plants where cell division occurs, leading to growth and development.

Plasmodesmata

In plants, cytoplasmic connections in the cell wall that connect two adjacent cells.