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Explain the answers please 2. (5) The following table provides data on the annual growth rates of output, physical capital, and human capital per worker
Explain the answers please
2. (5) The following table provides data on the annual growth rates of output, physical capital, and human capital per worker for three countries. Assume = 1/3. Growth rate Country Growth rate Growth rate of output per worker of physical of human capital capital per worker per worker k Ecuador 1.15 3.32 2.12 Morocco 1.77 2.54 1.36 Ethiopia 0.56 5.53 0.39 a) (3) For each country, calculate the growth rates of productivity and factor accumulation. b) (1) In which of the three countries does factor accumulation account for the largest share of growth? c) (1) In which of the three countries does productivity account for the largest share of growth?
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