Suppose That Growth in Output That Can Be Attributed to Growth

question 185

Multiple Choice

Suppose that growth in output that can be attributed to growth in labor and capital is 2%. If output grows at a rate of 5%, it must be the case that

• A) growth in labor exceeds growth in capital.
• B) growth in capital exceeds growth in labor.
• C) the economy is experiencing technological progress.
• D) the economy is not spending enough on acquiring human capital.

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Definitions:

Communication Process

The series of actions or steps taken to successfully convey information or messages from a sender to a receiver.

Effective Apology

An apology that acknowledges wrongdoing, expresses remorse, and offers a genuine attempt to make amends.

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The process of continuously thinking about the same thoughts, often negative, which can affect mental health.

Self-description

An individual's narrative or explanation of their own characteristics, experiences, or identity.