Share
Explore BrainMass

Multiple choice

Need assistance with the below questions.

6) What is the growth rate of multifactor productivity if b = 0.20, k = 3, n = 1, and
y = 4

a) 2.4
b) 0.4
c) 2.8
d) 1.0

16) Which of the following beliefs is not part of supply-side economics?

a) A sharp reduction in corporate income taxes would discourage U.S. corporations from shifting their production facilities to other countries, thus leading to a decrease in the unemployment rate
b) A sharp reduction in personal income taxes would bring forth a higher capital stock through greater savings and investment
c) A sharp reduction in personal income taxes would bring forth higher-labor-force participation.
d) A reduction in tax rates would lead to increased output and actually allow tax revenues to rise.

Solution Preview

6) The formula for the growth rate of multifactor productivity is a =y-bk-(1-b)n. This gives us:
4- .20*3 -.8 (1) = 2.6. This isn't one of your ...

Solution Summary

growth rate of multifactor productivity; supply side economics

$2.19