Consider the Data in the Following Table:
A) Fill in the Missing

question 53

Essay

Consider the data in the following table:
a) Fill in the missing values, assuming the capital share is equal to $\alpha$ = 1/4.
b) Which period had the greatest per capita growth $\alpha$ The slowest?
c) Which period has the slowest TFP growth, and what might have contributed to this?
$$\begin{array} { l c c c c } \hline & 1948 - 1973 & 1973 - 1995 & 1995 - 2007 & 2007 - 2011 \\\hline Y / L & & 0.9 & 1.9 & 1.0 \\K / L & 0.9 & 0.7 & & 1.1 \\\text { Labor Comp } & 0.2 & & 0.2 & 0.4 \\\text { TFP } & 2.2 & 0.5 & 1.5 & \\\hline\end{array}$$

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Definitions:

Compounded Monthly

The practice of calculating interest on the principal and the accumulated interest each month.

Compounded Semiannually

Interest that is calculated and added to the principal balance twice a year.

Equivalent Rate

The interest rate that would produce the same compounded financial result over a specific period as a differently compounded interest rate.

Compound Annual Rate

The rate at which a sum of money would grow if it were compounded once per year.