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In the country of Aargh, in the equation for TFP,
Y = A × Ka × L1?a,
the coefficient is a = 0.2.The capital stock is growing 6 percent per year, employment is growing 1 percent per year, and output is growing 4 percent per year.In the country of Blargh, the coefficient is a = 0.25, the capital stock is growing 10 percent per year, employment is growing 2 percent per year, and output is growing 5 percent per year.In which country is TFP growing the fastest? In which country is output per worker growing the fastest? Explain your answer and show all your calculations.
Psychodynamic
Referring to a psychological approach that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.
Conversion Disorder
A mental condition where a person experiences physical symptoms that are not explainable by medical conditions, believed to arise from psychological conflicts.
Reinforcement
In behavioral psychology, a process that strengthens a particular behavior by providing a consequence an individual finds rewarding.
Pleasurable Outcomes
Positive results or effects that are enjoyable or satisfying.
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