Using the growth accounting equation, if the growth rate of output is 5%, the growth of labor is 2% and the growth of capital is 2% then if ?=0.50 then growth of technology can be estimated to be:
A. 4.00%.
B. 4.25%.
C. 4.75%.
D. 3.00%.
Answer: D
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What will be an ideal response?
If the United States had a financial account deficit of $50 billion, we could say the United States had
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