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

question 63

Multiple Choice

Using the growth accounting equation, if the growth rate of out is 5%, the growth of labor is 3% and the growth of capital is 2% then if α=0.75 then growth of technology can be estimated to be:

• A) 4.25%.
• B) 4.00%.
• C) 3.00%.
• D) 2.75%.

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