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Business, 24.10.2019 02:00 kadinmorgan

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) the economy is not spending enough on acquiring human capital

b) growth in labor exceeds growth in capital

c) the economy is experiencing technological progress

d) growth in capital exceeds growth in labor

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Suppose that growth in output that can be attributed to growth in labor and capital is 2%.
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