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    Multiple choice

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    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.

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    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