Research Suggests That the Relatively Higher Rate of Growth of Output

question 41

Multiple Choice

Research suggests that the relatively higher rate of growth of output per capita between in China between 1996 and 2011 was the result of which of the following?

• A)an increase in the rate of technological progress
• B)an increase in K / NA
• C)an increase in the rate of growth of N
• D)an increase in the saving rate
• E) both A and D

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Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan.

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of assets, expressed as an annual percentage of the principal.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Profits

Financial gains obtained after subtracting total expenses from total revenue, from business operations or other investments.