Consider an economy where the production function is Yr = A, KOL; . If capital is growing at a rate of 23% per year,
Consider an economy where the production function is Yr = A, KOL; " . If capital is growing at a rate of 23% per year, labour is growing at a rate of 1% per year, total factor productivity is growing at 15% per year and the annual rate of output growth is 3%, then or is: O 0.25 O 0.84 O 0.5 O 0.75 O 0.6
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