Express the Following Expressions in Terms of Growth Rates:
(A) $y _ { t } = \bar { A } k _ { t } ^ { 1 / 3 } l _ { t } ^ { 2 / 3 }$

question 77

Essay

Express the following expressions in terms of growth rates:
(a) $y _ { t } = \bar { A } k _ { t } ^ { 1 / 3 } l _ { t } ^ { 2 / 3 }$
(b) $z _ { t } = k _ { t } ^ { \alpha } l _ { t } ^ { - \alpha }$
(c) $c _ { t } = y _ { t } ^ { 2 } w _ { t } ^ { \xi }$

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Definitions:

Control

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee without having control or joint control over those policies.

Presumptive Test

A preliminary test based on presumptions established by criteria or evidence that suggests or implies a certain condition or outcome.

Voting Power

The right of shareholders to vote on corporate matters, usually proportional to the number of shares they hold.