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

Question

Quizplus · Accepted Answer

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

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