In the growth accounting equation for the standard Cobb-Douglas production function, $g _ { Y } = g _ { A } + ( 1 / 3 ) g _ { X }$
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Question

In the growth accounting equation for the standard Cobb-Douglas production function, $g _ { Y } = g _ { A } + ( 1 / 3 ) g _ { X }$ 
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Quizplus · Accepted Answer

The growth accounting equation for a Cobb-Douglas production function typically includes contributions from labor and capital, not just a single factor $X$. The equation should reflect the contributions of total factor productivity $g_A$, labor, and capital, not just a single factor with a coefficient of $1/3$.

In the Growth Accounting Equation for the Standard Cobb-Douglas Production gY=gA+(1/3)gXg _ { Y } = g _ { A } + ( 1 / 3 ) g _ { X }gY​=gA​+(1/3)gX​

In the Growth Accounting Equation for the Standard Cobb-Douglas Production $g _ { Y } = g _ { A } + ( 1 / 3 ) g _ { X }$