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11. The following table provides data on the annual growth rates of output, physical capital, and human capital per worker for two countries.Assume = .(10
11. The following table provides data on the annual growth rates of output, physical capital, and human capital per worker for two countries.Assume = .(10 points)
Country | Growth Rates of Output per Worker, y (%) | Growth Rates of Physical Capital per Worker, k (%) | Growth Rate of Human Capital per Worker, h (%) |
Argentina | 0.66 | 0.31 | 0.52 |
Uruguay | 1.82 | 1.83 | 0.51 |
a. What is Argentina's growth rate of productivity?
b. How much of Argentina's growth is due to TFP growth?
c. What isUruguay's growth rate of productivity?
d. How much ofUruguay's growth is due to TFP growth?
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