Question: lab 10, question 3 Suppose technology remains constant while labour force grew at a rate of 2.9 percent a year, capital stock grew at 2.7

lab 10, question 3

Suppose technology remains constant while labour force grew at a rate of 2.9 percent a year, capital stock grew at 2.7 percent per year. and the share of labour income in national income was 60 percent. how fast would potential GDP grow? Note: Keep as much precision as possible during your calculations. Your nal answer should be in percentage form and accurate to at least two decimal places. Rate of potential GDP growth /o

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