If the capital stock increases 10 percent next year and capitals income is 15 percent of GDP,
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If the capital stock increases 10 percent next year and capital’s income is 15 percent of GDP, then by how much will GDP grow? If the labor force increases by 10 percent and labor’s share of national income is 80 percent, then how much will this increase the output?
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Using the share multiplied by the increase formula output ...View the full answer
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Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
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