The Slope of the Output Per Worker Function Is Equal

question 3

Multiple Choice

The slope of the output per worker function is equal to the

• A)growth rate of the population.
• B)capital stock.
• C)savings rate.
• D)marginal product of labour.
• E)marginal product of capital.

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Definitions:

Compounded Annually

Interest calculation method where interest is added to the principal once a year.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

End of Each Month

A recurring time period marking the completion of the last day of any month in a calendar year.

Compounded Monthly

Interest calculation method where interest accrued each month is added to the principal, and the new sum accrues additional interest.