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Can you show the work for how you find each value The following table reports some information on a hypothetical economy. All values are continuously
Can you show the work for how you find each value
The following table reports some information on a hypothetical economy. All values are continuously compounded, annualized growth rates, in percent. Furthermore, all payments to capital are one third of total GDP. Y A ozK (1 7 a)L 19502015 2.0 Growth in Real Wages (19502015): 3.0 Growth in Real Rental Rate of Capital (19502015): 0.0 6. (3 pts.) Using the information provided in the table above, your best estimate of growth in L is A. 6 percent. B. not enough information provided to provide an estimate. C. 2 percent. D. 3 percent. 7. (3 pts.) Using the information provided in the table above, your best estimate of growth in capital per worker K/L is A. 3 percent. B. 2 percent. C. 6 percent. D. not enough information provided to provide an estimate. 8. (3 pts.) Using the information provided in the table above. your best estimate of growth in invest- ment I is A. 6 percent. . 2 percent. B C. 3 percent. D. not enough information provided to provide an estimateStep by Step Solution
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