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Chapter 7: Growth accounting Assume: A) Assume 30% of national income goes to capital, and 70% goes to labour. Calculate the residual. B) if Wk
Chapter 7: Growth accounting Assume: A) Assume 30% of national income goes to capital, and 70% goes to labour. Calculate the residual. B) if Wk = 0.5 and WL = 0.5, calculate the residual. C) if wk = 0.5 and WL = 0.5, and a = 0.105, calculate g
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