China has grown at a rate of eight percent per year for the last thirty years. The labor force has growth at two percent. Capital has grown at ten percent. You may assume that the share of capital in output (a) is one third.
a. What is the growth rate of output per worker?
b. What is the growth of capital per worker?
c. What is the rate of TFP growth for China?
d. What portion of growth does TFP account for?
Answers: 3
Business, 22.06.2019 10:30
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Business, 22.06.2019 10:50
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Business, 22.06.2019 16:40
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Business, 22.06.2019 17:10
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Answers: 3
China has grown at a rate of eight percent per year for the last thirty years. The labor force has g...
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