Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

تمرين 14

Suppose output is growing at 3 percent per year and capital's and labor's shares of income are.3 and.7, respectively.
a. If both labor and capital grow at 1 percent per year, what would the growth rate of total factor productivity have to be
b. What if both the labor and the capital stocks are fixed