Quiz6 chapter6

Macroeconomics plus MyEconLab plus eBook 1-semester Student Access Kit (6th Edition)

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Quiz This activity contains 15 questions.  Which of the following is not an important variable in growth accounting calculations? Labor growth Money supply growth Productivity growth Capital growth Suppose the current level of output is 5000. If the elasticities of output with respect to capital and  labor are 0.3 and 0.7, respectively, a 10% increase in capital combined with a 5% increase in labor  would increase the current level of output to 5015. 5650.
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5325. 5600. Over the past year, output grew 3%, capital grew 4%, and labor grew 3%. If the elasticities of  output with respect to capital and labor are 0.3 and 0.7, respectively, how much did productivity  grow? 0.0% –0.6% 0.3% –0.3%
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Productivity growth was the lowest in which of the following periods? 1982 to 2004 1973 to 1982 1929 to 1948 1948 to 1973 Since 2005, U.S. productivity growth has been characterized by the productivity slowdown occurred in only some industrial  countries, but all were affected by the oil price hikes.
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