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johnpaul92 johnpaul92
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8 years ago
Use the growth accounting equation to calculate productivity growth, given output growth of 3.5%, capital stock growth of 5%, labor employment growth of 2%, the output elasticity of capital of 0.3, and the output elasticity of labor of 0.7.
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Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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8 years ago
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johnpaul92 Author
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8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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8 years ago
Every little bit helps, right? Glad I solved your question
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