=+total capital grow at 3.6 percent per year. Suppose further that the capital share of output is

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=+total capital grow at 3.6 percent per year. Suppose further that the capital share of output is 1/3. If you used the growth-accounting equation to divide output growth into three sources—

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 28, 2024 11:00 AM

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=+total capital grow at 3.6 percent per year. Suppose further that the capital share of output is 1/3. If you used the growth-accounting equation to divide output growth into three sources
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=+total capital grow at 3.6 percent per year. Suppose further that the capital share of output is

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Macroeconomics

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