Use the Information Below to Answer the Following Question(s)

question 62

Multiple Choice

Use the information below to answer the following question(s) :
1() the rate of depreciation is 14% per year,
2() the population growth rate is 4% per year, and
3() the growth rate of technology is 5% per year.
-Refer to the information above. Which of the following equals the annual growth rate of "effective labour" in the steady state in this economy?

• A) 3%.
• B) 2%.
• C) 5%.
• D) 12%.
• E) 9%.

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Definitions:

Consciously Perceive

The act of becoming aware of something through the senses in a mindful and intentional manner.

Hollow Face Illusion

An optical illusion where a concave face appears as a normal convex face due to the brain's interpretation of facial features.

Dual Processing

The theory that the brain operates through both conscious and unconscious thought processes simultaneously.

Selective Attention

The focusing of conscious awareness on a particular stimulus.