Consider the following data: (a) Calculate the Solow residual for each year from 1995 to 2007. (b)

Question:

Consider the following data:

(a) Calculate the Solow residual for each year from 1995 to 2007.
(b) Calculate percentage rates of growth in output, capital, employment, and total factor productivity for the years 1996 to 2007. In each year, what contributes the most to growth in aggregate output? What contributes the least? Are there any surprises here? If so,explain.