Suppose k,l,and A grow at constant rates given by
,
,and
)What is the growth rate of y if
?

Question

Suppose k,l,and A grow at constant rates given by 
, 
,and 
)What is the growth rate of y if 
?

Quizplus · Accepted Answer

The growth rate of y can be calculated using the formula:
(dy/dt) / y = (dk/dt) / k + (dl/dt) / l + (dA/dt) / A

Substituting the given values, we get:
(25/100) / 500 = (10/100) / 100 + (15/100) / 200 + (20/100) / 1000

Simplifying this expression, we get:
(dy/dt) / y = 0.0004

Therefore, the growth rate of y is 0.04% or 11ea895d_4d3a_201f_8397_e39f956a5116_TB4305_11.

Suppose K,l,and a Grow at Constant Rates Given by