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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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growth rate of multifactor productivity; supply side economics
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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 ...
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