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Growth accounting True, false or uncertain. Consider a growth accounting exercise. If the statistician overestimates the labour share of output, then they will also underestimate

Growth accounting

True, false or uncertain. Consider a growth accounting exercise. If the statistician overestimates the labour share of output, then they will also underestimate the contribution of total factor productivity to output growth. Explain your reasoning.

5 mark question. A thorough response is much appreciated :)

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