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PSU Econ 104 Exam 2 Questions and Answers|Latest Update

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PSU Econ 104 Exam 2 Questions and Answers|Latest Update Technological advances generally result in increased life expectancy The total amount of physical capital available in a country is known as the country's capital stock The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as: labor productivity The fictitious country of World Campustan saw its GDP per-capita increase from $36,869 in 2017 to $37,843 in 2018. What was the growth rate in 2018? 2.64 The fictitious country of World Campustan saw it's GDP per-capita increase from $6,381 in 1975 to $37,450 in 2018. What was the average annual growth rate over this time? 4.2

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