6. Which of the followings is incorrect according to Kaldor growth facts?(a) The growth rate of output per worker and the growth rate of capitalper worker are the same.(b) Both the unit cost of capital and wage are relatively constant overtime.(c) The growth rate of capital share is zero.

Economic development is an expansion in the production of labor and products in an economy.…

Answered: 6. Which of the followings is incorrect…

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6. Which of the followings is incorrect according to Kaldor growth facts?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 22CTQ: Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita...

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Question

6. Which of the followings is incorrect according to Kaldor growth facts?
(a) The growth rate of output per worker and the growth rate of capital
per worker are the same.
(b) Both the unit cost of capital and wage are relatively constant over
time.
(c) The growth rate of capital share is zero.

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