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Open the file China.xlsx under Canvas>Files> Data. Calculate the growth rates of output, capital, and labor for each year in the data set. Then calculate
Open the file "China.xlsx" under Canvas>Files> Data. Calculate the growth rates of output, capital, and labor for each year in the data set. Then calculate the growth rate of TFP for each year assuming that China's output can be determined by the following production function: 1/3 T 2/:3 What is the average growth rate of TFP? (use percent change for the growth rate; round to 2 decimal places, you should not have a value for the growth rate in 1952)
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