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6. If growth of output was 5% and labor and capital grew by 3% each, what would the rate of technical progress. Using growth accounting,

6. If growth of output was 5% and labor and capital grew by 3% each, what would the rate of technical progress. Using growth accounting, explain if this economy should invest in factor accumulation or assimilation to accelerate economic growth?If growth of output was 5% and labor and capital grew by 3% each, what would the rate of technical progress. Using growth accounting, explain if this economy should invest in factor accumulation or assimilation to accelerate economic growth?

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