Business, 10.03.2020 07:43 shelovejaylocs

Indicate whether each of the following statements is true or false. a. Country A’s labor share is 60%, Country B’s labor share is 70%, and labor is growing at a rate of 3% in both countries. Assuming capital and technology are not growing in either country, Country B has a higher growth rate of output. b. Country A’s labor share is 40%, Country B’s labor share is 70%, and labor is growing at a rate of 10% in country A and 6% in country B. Assuming capital and technology are not growing in either country, Country A has a higher growth rate of output. c. Labor is growing at a negative rate in country A and a positive rate in country B, so country B must have a higher growth rate of output. d. Labor and capital are both growing more quickly in Country A than in Country B, so Country A must have a higher growth rate of

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Indicate whether each of the following statements is true or false. a. Country A’s labor share is 60...

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