=+productivity depends on growth in total factor productivity and growth in the capitallabor ratio. In particular, show

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=+productivity depends on growth in total factor productivity and growth in the capital–labor ratio. In particular, show that D1Y/L2 Y/L = DA A

+ a D1K/L2 K/L .

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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