Write out the equation for output growth with capital, labor and total factor productivity as determinants of growth.

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answerhappygod
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Write out the equation for output growth with capital, labor and total factor productivity as determinants of growth.

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Write out the equation for output growth with capital, labor and total factor productivity

as determinants of growth. Suppose that the shares of capital and labor are respectively

0 .3 and 0.7. If labor supply grows by 10% what would be the growth rate of output

assuming that there is no change in the other determinants? What would happen to per

capita output if labor supply growth is entirely due to population growth?
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