An Economy of 80 Million People Has Ten Percent of Them

question 51

Multiple Choice

An economy of 80 million people has ten percent of them engaged in research and development,where their productivity is 0.0035.The economy is on a balanced growth path,when suddenly 2.88 million people move from goods production into R&D,raising the fraction there to 13.6 percent.In the one period that begins with this labor reallocation,the growth rate of output is ________.[Refer to the instruction above.]

• A)2.8%
• B)0.0%
• C)3.8%
• D)2.2%

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Definitions:

Challenges and/or Opportunities

Situations that present difficulties requiring a response, or favorable circumstances that can lead to progress and growth.

Field of OB

The Field of OB, or Organizational Behavior, studies how individual behavior and group dynamics affect decision-making, performance, and culture within organizations.

Organizational Behavior Model

A framework used to understand and analyze how individuals behave within organizations, considering factors like structure, culture, and dynamics.

Levels of Analysis

Various perspectives from which social research can consider subjects, ranging from individual to societal scales.