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Amount resulting from technological progress

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Reference no: EM131298494

Suppose the growth rate of GDP in the United States is 4.2%. If 2.9% and 1.3% of GDP growth are due, respectively, to capital and labor growth, the amount resulting from technological progress is

a. 0%.

b. 1.3%.

c. 2.9%.

d. 4.2%.

Reference no: EM131298494

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