Calculate the following growth rates for Ireland. a. Based on problem 3.4, write Irelands growth accounting equation
Question:
a. Based on problem 3.4, write Ireland’s growth accounting equation for labor productivity growth.
b. Find the relative contribution of growth in the capital–labor ratio to the growth rate of real GDP per hour worked.
c. Find the relative contribution of growth in total productivity to the growth rate of real GDP per hour worked.
d. Compare the two rates in parts b. and c.
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a y AK 040 b Since the capital stock grew at 48 and worker hours grew at 20 we ...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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