Given the Distribution of GDP Between Capital and Labor in the United

question 3

Multiple Choice

Given the distribution of GDP between capital and labor in the United States, a 2 percent increase in capital stock should produce an increase in GDP of

• A) 0.3 percent.
• B) 0.6 percent.
• C) 1.4 percent.
• D) 2 percent.
• E) 2.8 percent.

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Definitions:

Existential Import

The implication or assumption within a statement or proposition that asserts the existence of something.

Lakes

Large bodies of standing freshwater formed in hollows on the earth's surface, often fed by rivers or streams.

Existential Import

In logic, the implication that a statement has regarding the existence of the subjects it mentions.

Referents

The actual objects, actions, or concepts that words or symbols represent or signify.