Given a Cobb-Douglas production function Y=AK0.3N0.7 Assume output is growing at 5% and both labor and capital are growi
Posted: Sat Feb 19, 2022 2:42 pm
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?
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?