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On the Solow Diagram, an increase in productivity is shown by ________. A.an upward shift of the depreciation plus capital dilution line B.an upward shift

  • On the Solow Diagram, an increase in productivity is shown by ________.A.an upward shift of the depreciation plus capital dilution line
  • B.an upward shift of the investment function
  • C.a downward shift of the depreciation plus capital dilution line
  • D.a downward shift of the investment function
  • E.none of the above

If productivity growth equals 3.0 percent, the contribution from capital growth 1.2 percent and the contribution from labor growth 2.0 percent, then output growth must equal ________.

  • A.2.2 percent
  • B.4.2 percent
  • C.6.2 percent
  • D.7.2 percent
  • E.9.1 percent

Economic growth ________.

  • A.is driven by different elements in different economies
  • B.is driven primarily by digital technology
  • C.is driven primarily by labor growth
  • D.cannot be explained using economic models
  • E.none of the above

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