3 Text Problem Question Hel The tables below present some data on two hypothetic

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3 Text Problem Question Hel The tables below present some data on two hypothetical economies. Complete the tables by calculating the measured productivity of labor (Y/L) and the rate of growth. (Round your responses to one decimal place.) Economy A Economy B Growth Rate of Growth Rate of Period L K YYLOutputLK YYILOutput 1 1,052 3,065 4,506 43 1,062 3,371 4,683 4.4 3 1,0733,709 4,866 4.5 1,052 3,065 4,506 4.3 1,063 3,095 4,731 4.5 3.9 % | 1,090 3,126 4,967 4.6 3.9% | 1,097 3,157 5,216 4.8 3.9 % 5.0% 5.0 % 5.0 % 4 1,084 4,079 5,055 4.7 The data in the tables tell us that economic growth O A. is higher when labor productivity grows the most. O B. is lower when labor productivity grows the most. O C. expands when labor productivity declines. O D. is lower when labor propuctivity is higher.

Explanation / Answer

Here we can see when Y/L is increased more then growth rate of output is more. In economy B, Y/L is increased more than that of economy A. So growth rate is more in economy B. So growth rate is higher when productivity grows the most.

Option A is correct.

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