Question: pls show your work Suppose the production function is given by Y = zK-33N-34. Consider the followin_ data Year Y(billons of 2005 dollars) K (billions
pls show your work

Suppose the production function is given by Y = zK-33N-34. Consider the followin_ data Year Y(billons of 2005 dollars) K (billions of 2005 dollars) N (millions) 9086.0 31438 124.9 9425.8 32338.4 126.7 9845.9 33307.7 129.6 10274.7 34428 131.5 1999 10770.7 35679 133.5 2000 00000 11337.5 2002 00204 2003 11836.4 40323 12246.9 2005 12623 42610 2006 12958.5 43837 (1) Calcaute the Solow residual for each year from 1995 to 2007 (2) Calculate percentage rates of grwoth in output, capital, employment, and total factor pro- ductivity for the year 1996 to 2007. Overall, what factor contributes the least to the growth in aggregate output? Do you see that the 2001 recession makes the growth of GDP slower (in other words, is the growth rate in years 2001-2007 higher or lower than the years 1996-2000)? (Note: use the log-difference to calculate the grth rates)
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