If Total Output Grows at 4 Percent Per Year While

question 15

Multiple Choice

If total output grows at 4 percent per year while labor and capital grow at 2.0 percent and 2.0 percent pre year, respectively, then:

• A) technology grew by 4.0 percent per year.
• B) technology declined by 0.4 percent per year.
• C) there was no technological progress.
• D) technology grew by 2.0 percent per year.

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Definitions:

Identity Confusion

A developmental stage where individuals struggle with questions about who they are and their role in society, often occurring during adolescence.

Intolerance

Lack of acceptance of differing views, habits, or beliefs, often leading to conflict.

Virtue

Virtue is the quality of moral excellence, righteousness, and adherence to ethical principles in one's behavior and decision-making processes.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on psychosocial development across the lifespan.