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please fully answer the questions below Year GDP (billions of 1996 dollars) K(billions of 1996 dollars) N (millions) 1996 7813.2 23701.0 126.7 1997 8159.5 24383.6

please fully answer the questions below

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Year GDP (billions of 1996 dollars) K(billions of 1996 dollars) N (millions) 1996 7813.2 23701.0 126.7 1997 8159.5 24383.6 129.6 1998 8508.9 25175.2 131.5 1999 8859.0 26033.2 133.5 2000 9191.4 26933.8 136.9 (a) Calculate the Solow Residual for each year from 1996 to 2000. Assume that the aggregate production function takes the form of Y = zKO'3BN0'54. (b) Calculate percentage rates of growth in output, capital, employment, and total factor pro- ductivity for the year 1996 to 2000. In each year, what contributes the most to aggregate output? What contributes the least? Are there any surprises here? If so, explain

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