1. Business
  2. Economics
  3. the kilowing data give real gdp capitd k and labor...

Question: the kilowing data give real gdp capitd k and labor...

Question details

The kilowing data give real GDP(ท. capitd (K. and labor (N), lor the economy n various years. 1970 1980 5318 19907371 20009,624 201012.16011,600 4000 6200 8200 10,000 104 123 133 156 Assume that the production function is Y AKD.3 NO.7 Calculate the growth rate of total factor productivity in each decade (in all cases, report your answer in percent and round your answer to one decimal place) Between 1970 and 1980, U.S total factor productivity grew by Between 1980 and 1990, U.S total factor productivity grew by Between 1990 and 2000, U.S. total factor productivity grew by Between 2000 and 2010, US total tactor productivity grew by []%. Enter your answer in each of the answer boxes to search
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution