Given a Cobb-Douglas production function Y=AK0.3N0.7 Assume output is growing at 5% and both labor and capital are growi

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answerhappygod
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Given a Cobb-Douglas production function Y=AK0.3N0.7 Assume output is growing at 5% and both labor and capital are growi

Post by answerhappygod »

Given a Cobb-Douglas production function
Y=AK0.3N0.7
Assume output is growing at 5% and both labor and capital are
growing at 3% repsectively.
Using growth accounting, the growth rate of total factor
productivity (in percentage) is?
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