Question
3. Consider the production function = ()1 In 2013, the capital stock decreased by 1%, total factor productivity increased by 2%, and labor decreased by
3. Consider the production function = ()1 In 2013, the capital stock decreased by 1%, total factor productivity increased by 2%, and labor decreased by 4%. What is the growth rate of output per worker in 2013? a. (31)% b. (4+ 1)% c. (3+ 2)% d. (32)% e. (2 5)%
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
