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Business, 25.12.2019 02:31 rocksac6744
The economy has grown by 4% per year over the past 30 years. during the same period the labor force has grown by 1% per year and the quantity of physical capital has grown by 5% per year. each 1% increase in physical capital per worker is estimated to increase productivity by 0.4%. assume that human capital has not changed during the past 30 years.
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The economy has grown by 4% per year over the past 30 years. during the same period the labor force...
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