If the Growth Rate of the Labor Force Is 2

question 98

Multiple Choice

If the growth rate of the labor force is 2 percent and the growth rate of productivity is 1.5 percent,the growth rate of total output is

• A)3.5 percent.
• B)0.5 percent.
• C)0.75 percent.
• D)1.33 percent.

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Definitions:

Real Number Line

A line that depicts all possible real numbers in a ordered, one-dimensional continuum, with every point on the line corresponding to a real number.

Real Number

Any value that represents a continuous quantity along a line, including both rational and irrational numbers.

True Inequality

A statement of inequality that is valid for the values it involves.

Real Number Line

A line that graphically represents all possible real numbers, both positive and negative, including integers and fractions.