4.Consider XY (i.e. X times Y). If XY is growing at 5% a year and X is growing at 2% a year, then Y is growing at ___ percent a year.

-3%

-1%

3%

7%

5.If K is growing at 4% a year and L is growing at 1% a year, then k is growing at ___. Note: be sure to note the use of upper and lower case K.

-3%

-1%

1%

3%

6.

In the unusual case of alpha = 1, then growth of TFP will be the growth of output minus the growth of capital.

true

false

7.

Which would one use if you wanted to understand why income changes in a country?

development accounting

investment accounting

growth accounting

consumption