Question
In Neoclassical growth accounting, a higher share of profits in national income will lead to an increased rate of GDP growth: A) when labor productivity
In Neoclassical growth accounting, a higher share of profits in national income will lead to an increased rate of GDP growth:
A) when labor productivity is growing more rapidly than the size of the labor force.
B) when labor productivity is growing more rapidly than the size of the capital stock.
C) when the capital stock is growing more rapidly than the size of the labor force.
D) when investment spending is higher than consumption spending.
E) in virtually all circumstances.
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
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