(Solution) An economy has an overall economic growth rate of3.Growth in the labor force accounts for 1.5%,growth in physical capital accounts for 1.1%,growth... > Snapessays.com


(Solution) An economy has an overall economic growth rate of3.Growth in the labor force accounts for 1.5%,growth in physical capital accounts for 1.1%,growth...


1.)  An economy has an overall economic growth rate of3.93.9%.Growth in the labor force accounts for 1.51.5%,growth in physical capital accounts for 1.11.1%,growth in human capital accounts for 0.50.5%,and growth in the productivity of labor and capital accounts for 0.20.2%.The increase in growth due to technology in this economy is _______%.(Round your answer to one decimal place.)2.)Government enforced property rights are crucial to economic growth because theyA.)      provide incentives for capital accumulation and entrepreneurial activity.    B.)      encourage people to save knowing their wealth will not be arbitrarily confiscated.    C.)      make the returns to risk-taking relatively more certain.    D.)      All of the above

 


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This question was answered on: Sep 21, 2023

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