In reality, when we decompose the overall economic growth in US, we could generate a table like following: Table 3 Growth accounting for the United States Contributions from Period Output per hour KIY Labor composition Labor-Aug. TFP 1948-2013 2.5 0.1 0.3 2.0 1948-1973 3.3 -0.2 3.2 1973-1990 1.6 0.5 0.3 0.8 1990-1995 1.6 0.2 0.7 0.7 1995-2000 3.0 0.3 2.3 2000-2007 2.7 0.2 2.2 2007-2013 1.7 0.1 0.5 1 . 1 Note: Average annual growth rates (in percent) for output per hour and its components for the private busi- ness sector, following Eq. (3) Sources Authors calculations using Bureau of Labor Statistics, Multifactor Productivity Trends, August 21. 2014. 5. What does the TFP stand for in this table? Could you try to explain its components? 6. Complete the following table: Solow model country A country B population growth rate 5% 5% capital depreciation rate 5% 5% national saving rate 5% 5% total population in year 1 100 361 total capital in year 1 16 100 Production Process: total output in year 1 total investment made in year 1 total output in year 2 growth rate for total output