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Basic Question 5 of 11
According to the growth accounting equation, the output elasticity of labor is:
B. 1 - α.
C. 1.
A. α.
B. 1 - α.
C. 1.
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Learning Outcome Statements
contrast capital deepening investment and technological progress and explain how each affects economic growth and labor productivity;
demonstrate forecasting potential GDP based on growth accounting relations;
CFA® 2025 Level II Curriculum, Volume 1, Module 9.