The Rate of Growth of Labor Productivity (Y/L) May Be

question 56

Multiple Choice

The rate of growth of labor productivity (Y/L) may be expressed as the rate of growth of total factor productivity:

• A) plus the capital share multiplied by the rate of growth of the capital-labor ratio.
• B) minus the capital share multiplied by the rate of growth of the capital-labor ratio.
• C) plus the rate of growth of capital productivity.
• D) minus the rate of growth of capital productivity.

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Definitions:

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