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Problem 3 [ll] points]. The following table shows hypothetical data on Ohio's output... capital stock, and the labor force. Year Output Capital Labor 199i] ICE]
Problem 3 [ll] points]. The following table shows hypothetical data on Ohio's output... capital stock, and the labor force. Year Output Capital Labor 199i] ICE] 4 15 EM!) 250 12 50 How much of the economic growth during the period 19902020 is explained by the growth in the capital stock, growth in the labor force... and the technological growth? Assume that the output in this economy.r is given as 11 = AnfiilLE-i where A: is the level of technology? If; is the capital stock, and L; is the labor force
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