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Which of the following is the most accurate description of the one third rule?

A)
One third of real GDP per labor hour is attributable to the level of new capital per labor, holding technology constant.
B)
A 1% increase in capital per labor hour results in a one third of 1% increase in real GDP per labor hour, holding technology constant.
C)
A 1% increase in technology results in a one third of 1% increase in real GDP per labor hour, holding capital per labor hour constant.

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