Using the growth accounting equation, if the growth rate of output is 5%, the growth of labor

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Using the growth accounting equation, if the growth rate of output is 5%, the growth of labor is 2% and the growth of capital is 2% then if ?=0.50 then growth of technology can be estimated to be:

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4.25%.
4.00%.
3.00%.
4.75%.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 15, 2024 02:05 AM

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Using the growth accounting equation, if the growth rate of output is 5%, the growth of labor

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Microeconomics An Intuitive Approach with Calculus

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