If the seller of a good gets less than his/her opportunity cost and the buyer pays more than his/her valuation of the good, economic value is created

The structural deficit is

A) the difference between the actual deficit and the natural employment deficit and it increases whenever income rises. B) identical to the natural employment deficit and it decreases whenever tax rates are cut. C) identical to the natural employment deficit and it increases whenever the natural level of output increases. D) identical to the natural employment deficit and it decreases whenever the natural level of output increases.

Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.75 then growth of output can be estimated to be:

A. 4.75%. B. 4.00%. C. 4.25%. D. 6.00%.