Output per person is 170 in an economy in which 15 percent of the population are engaged in research anddevelopment, where their productivity is0.002, and the total population size is 100 million. If this economy is on a balanced growthpath, then output per person in the next period will be________.

The inflation rate can be obtained by________.

A.multiplying the CPI by GDP

B.dividing the nominal GDP by the GDP deflator

C.subtracting the growth in real GDP from the growth in nominal GDP

D.subtracting the real GDP from the nominal GDP

E.none of the above

Real labor income is given by________.

A.labor share of income labor productivity labor

B.labor share of income output

C.MPL L

D.all of the above

E.none of the above