A country has a growth rate of 5 a labor growth rate of 7


A country has a growth rate of 5%, a labor growth rate of 7%, and a net investment growing at 5%. The production function is Cobb-Douglas with CRS and a capital share of 1/3. Determine the growth rate of technology. How long does it take to have twice as much output?

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Econometrics: A country has a growth rate of 5 a labor growth rate of 7
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