Using the Growth Accounting Equation, If the Growth Rate of Technology

question 38

Multiple Choice

Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if α=0.25 then growth of output can be estimated to be:

• A) 4.25%.
• B) 4.00%.
• C) 6.00%.
• D) 4.75%.

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