If Capital Grows at 3 Percent Per Year and Labour

Question 66
Multiple Choice

If capital grows at 3 percent per year and labour grows at 1 percent per year,and capital's share is 1/3 while labour's share is 2/3,if there is no technological progress and the neoclassical assumptions hold,the growth rate of output will be: A) 1 1/3 percent per year. B) 1 2/3 percent per year. C) 3 percent per year. D) 2 1/3 percent per year.