lab 10, question 1

Suppose you have the following information about an economy: Average annual rates of growth from 2002 to 2012: Share of labour income in national income: 23 Using growth accounting, nd the contributions to the annual growth in potential GDP that came from: Note: Make sure your answers are in percentage form and rounded to two decimal places. a) Growth in labour force? Contribution from growth in labour force = I % b) Growth in capital stock? Contribution from growth in capital stock = I % c) Improved productivity as measured by the Solow residual? Contribution from improved productivity = I %