Question: Question 5 ( 2 0 points ) ( 2 0 points ) Suppose the production function is given by Y = zK ^ ( 0

Question 5(20 points)
(20 points) Suppose the production function is given by
Y=zK^(0.45)N^(0.55)
Consider the following data:
(1) Calculate the Solow residual for each year from 1995 to 2007(hint:
don't convert millions to billions or vice versa).
Question 5 ( 2 0 points ) ( 2 0 points ) Suppose

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