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From 1960-1990: GDP growth = 5%, Labor elasticity= 0.5, Capital growth = 4%, Growth in the number of workers = 3% From 1990-2010: GDP growth
From 1960-1990: GDP growth = 5%, Labor elasticity= 0.5, Capital growth = 4%, Growth in the number of workers = 3% From 1990-2010: GDP growth = 4%, Labor elasticity= 0.5, Capital growth = 6%, Growth in the number of workers = 2% The table above reports data for Indonesia over two consecutive 20-year periods: 1960-1980, and 1990-2010. Below, "employment" refers to the number of workers. (a) Compute productivity growth for each of the two periods. During which period was productivity growth the highest
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