In Neoclassical growth accounting, a higher share of profits in national income will lead to an increased
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Question:
In Neoclassical growth accounting, a higher share of profits in national income will lead to an increased rate of GDP growth:
A) when labor productivity is growing more rapidly than the size of the labor force.
B) when labor productivity is growing more rapidly than the size of the capital stock.
C) when the capital stock is growing more rapidly than the size of the labor force.
D) when investment spending is higher than consumption spending.
E) in virtually all circumstances.
Related Book For
Microeconomics Theory and Applications
ISBN: 978-1118758878
12th edition
Authors: Edgar K. Browning, Mark A. Zupan
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