The table below reports the economic performance of two countries, Microland and Macroland. GDP growth Capital growth Labour growth Multiple Choice Assume that the capital share of output is 30% and the labour share of output is 70% in both countries. What is the growth rate of technology for Macroland? O C 15% 8% Microland 6.3% 2% 10% 3.6% Macroland 5.5% 22% 20%

The table below reports the economic performance of two countries, Microland and Macroland. GDP growth Capital growth Labour growth Multiple Choice Assume that the capital share of output is 30% and the labour share of output is 70% in both countries. What is the growth rate of technology for Macroland? O C 15% 8% Microland 6.3% 2% 10% 3.6% Macroland 5.5% 22% 20%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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