Suppose labors share of gdp is 70 percent and capitals is


Suppose labor's share of GDP is 70 percent and capital's is 30 percent, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3 percent. What is the growth rate of total factor productivity?

Request for Solution File

Ask an Expert for Answer!!
Econometrics: Suppose labors share of gdp is 70 percent and capitals is
Reference No:- TGS02146987

Expected delivery within 24 Hours