Over the past year, output grew 5%, capital grew 5%, and labor grew 1%. If the elasticities of output with respect to capital and labor are 0.5 and 0.5, respectively, how much did productivity grow?

Over the past 50 years, the largest increase in average real wage has occurred among ________

A) male college graduates B) female college graduates C) males with post-college education D) females with post-college education

A U.S. import tariff imposed on steel is likely to: a. increase employment in the U.S. steel industry

b. increase the real incomes of steel users. c. raise the total quantity of foreign and domestic steel sold in the United States. d. increase employment in the economy as a whole.