The growth rate of technology is 2 percent per year, and the growth rate of capital per hour of work is 5 percent per year. Calculate the growth rate of real GDP per hour of work. Express your answer as a percent rounded to two decimal places. The growth rate of real GDP per hour of work is  percent.

Suppose that a country has no growth in technology and that capital and labor hours are growing at the same rate. The capital in the country continues to grow at its previous rate while technology growth is still zero, but growth in labor hours falls to half its previous rate. What happens to growth in real GDP per hour of work?Growth rate of real GDP per hour of work = %

The growth rate of real GDP per hour of work and the growth rate of capital per hour of work are each 3 percent per year. What percentage of productivity growth is due to technological change? (Round your answer to the nearest whole percent.)

In a developing country, the growth rate of capital per hour of work is 6%, and the growth rate of technology is 3%. Using the growth accounting formula, what is the country's productivity growth rate?The country's productivity growth rate is %.

In a developing country, the growth rate of capital is 9% per hour of work, and the growth rate of technology is 6%. If population growth is 6% per year, use the Rule of 72 to estimate how many years it will take for the developing country's income per capita to double.  years

Use the data in the table to answer the question.  Productivitygrowth Growth of capital perhour worked1980–2000 4% 5.5%2000–2020 3% 6.5%Based on this data, by how much did the growth rates of productivity and technology rise and fall between these two time periods? Express your answer as the change in the rate rounded to two decimal places.The growth rate of productivity fell by  percent, and the growth rate of technology fell by  percent.