Suppose the rate of economic growth in Mainland was 25 percent,capital growth 30 percent,and labour growth 20 percent.If capital contribution to economic growth is 9 percent,how much is the elasticity of output with respect to capital?
A) 0.3
B) 0.7
C) 0.5
D) 0.8
Correct Answer:
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A)capital.
B)labour.
C)technology.
D)all
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