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Eduncle Asked an Mcq
February 29, 2020 6:35 pm

The share of capital and labour are, respectively, 1/3 and 2/3. The rates of growth of capital and labour are, respectively 6% and 3% per annum. If the rate of growth of output is 6% per annum. What is the rate of growth of output due to Total Factor Productivity (TFP) ?

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  • Eduncle Best Answer

    Correct Answer : Option (B)

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