Question
If growth in the labor force is 1 percent, growth in labor productivity is 2 percent, and growth in prices is 2 percent, growth in
If growth in the labor force is 1 percent, growth in labor productivity is 2 percent, and growth in prices is 2 percent, growth in potential (real) output will be
a. 3 percent
b. 5 percent
c. 1 percent
d. Cannot tell from the information provided
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1st Edition
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