Use the Following to Answer Questions

question 89

Multiple Choice

Use the following to answer questions :
Scenario: Productivity
The economy has grown by 4% per year over the past 30 years. During the same period the labor force has grown by 1% per year and the quantity of physical capital has grown by 5% per year. Each 1% increase in physical capital per worker is estimated to increase productivity by 0.4%. Assume that human capital has not changed during the past 30 years.
-(Scenario: Productivity) Look at the scenario Productivity. How much has technological progress contributed to productivity growth?

• A)1.4%
• B)1.6%
• C)2%
• D)3%

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Definitions:

Ex Post Facto Study

A research design that examines the effects of an independent variable on a dependent variable, where the study is conducted after the events have occurred.

Independent Variable

In research, a variable that is manipulated or changed to observe its effect on a dependent variable.

Longitudinal Studies

Research design that involves repeated observations of the same variables over short or long periods of time.

Risk Factor

An aspect or variable that increases the likelihood of developing a disease or injury.