Question
Over the past year, TFP grew 0.01, capital and labor both grew 0. If the elasticities of output with respect to capital and labor are
Over the past year, TFP grew 0.01, capital and labor both grew 0. If the elasticities of output with respect to capital and labor are 0.319 and 0.681, respectively, how much did output grow? Give your answer as a decimal with 2 decimal places.
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International Marketing
Authors: Philip R Cateora, John Graham, Mary Gilly
18th Edition
1260547876, 9781260547870
