Question: Question 3 [2 points] Suppose technology remains constant while labour force grew at a rate of 3 percent a year, capital stock grew at 2.9

Question 3 [2 points] Suppose technology remains constant while labour force grew at a rate of 3 percent a year, capital stock grew at 2.9 percent per year, and the share of labour inc in national income was 65 percent, how fast would potential GDP grow? Note: Keep as much precision as possible during your calculations. Your final answer should be in percentage form and accurate to at least two decimal places. lRate of potential GDP growth = 0%

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