For the Years 1948-1973, Output Per Person in the Private

question 69

Multiple Choice

For the years 1948-1973, output per person in the private sector grew 3.3 percent, labor composition grew 0.2 percent, and total factor productivity grew 2.2 percent. What was the growth rate of capital intensity?

• A) -1.5 percent
• B) 1.3 percent
• C) 3.2 percent
• D) 5.3 percent
• E) 0.9 percent