(14) Consider the neoclassical growth model. Over the past year, output grew 5%, capital grew 4%, and labor grew 6%. If capital contribution to economic
(14) Consider the neoclassical growth model. Over the past year, output grew 5%, capital grew 4%, and labor grew 6%. If capital contribution to economic growth is 1.6%, what is the labor contribution to economic growth? (A) 1.6% (B) 2.4% (C) 3.6% (D) 4.4%
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