Q5. Assume that real gross domestic product (GDP) per labor hour grew 7% over the past three years. Based on the one third rule, the amount of real GDP growth attributable to the change in new capital is 1.5%. Over this period, the contribution of technological change to real GDP growth and the growth rate in new capital is closest to: Technology contribution Growth of new capital
A) 5.5% 4.5% B) 6.5% 0.5% C) 1.8% 4.5%
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