If Capital Grows at 3 Percent Per Year and Labour

question 29

Multiple Choice

If capital grows at 3 percent per year and labour grows at 1 percent per year,and capital's share is 1/3 while labour's share is 2/3,if there is no technological progress and the neoclassical assumptions hold,the growth rate of output will be:

• A) 1 1/3 percent per year.
• B) 1 2/3 percent per year.
• C) 3 percent per year.
• D) 2 1/3 percent per year.

---

Definitions:

Mitochondrial Disease

A group of disorders caused by dysfunction of the mitochondria, the energy-producing structures in cells, leading to energy shortages in the body.

Vitamin A Storage

Refers to the body's storage of vitamin A, primarily in the liver, which is crucial for various bodily functions including vision, immune response, and skin health.

Mitochondrion

An organelle found in large numbers in most cells, where it produces energy through cellular respiration.

Mitochondrion

A membrane-bound cell organelle that generates most of the chemical energy needed to power the cell's biochemical reactions.