Use the Data in the Exhibit to Complete the Two

question 19

Essay

Use the data in the exhibit to complete the two tasks below.
​ ​
a.Compute and report the value of growth in total factor productivity ((A_t - A_{t - 1})/A_{t - 1}) in each period from periods 2 through 5. Assume that the value of A is 1.000 in period 1. Report the value of A in each period.
b.Does the value of A rise in each period? If it declines, do you think this decline is because technological progress works backward? If so, explain your answer. If not, provide another explanation.

---

Definitions:

Unity

Unity refers to the state or quality of being united or joined as a whole.

Paragraph

A distinct section of a piece of writing, typically dealing with a single theme and indicated by a new line, indentation, or numbering.

Mixed Construction

A grammatical mistake where parts of a sentence are mismatched, often leading to confusion and lack of clarity in the expression of ideas.

Unrelated Ideas

Concepts or thoughts that do not have a direct link or connection to each other.