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Basic Question 7 of 11
Assume α is 0.2 for Germany. A 1% increase in the labor will increase output by:
B. 0.2%.
C. 0.8%.
A. 2%.
B. 0.2%.
C. 0.8%.
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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.