Question 10 lCountryr Z's aggregate production relationship is well-approximated by a Cobb-Douglas production function. Suppose output growth is 15%, capital grows by 20% and the workforce grows by 3%. If the share of labor is 40%, total-factor- productivity growth is equal to: = f} 5.5 55. :"j = 3.5 55. = 3.5 55. 1.5 55. Question 12 According to the Harris-Todaro model, internal migrations restrictions designed to limit the size of the urban informal sectors are inefficient because -. they actually may increase the size of the informal urban workforce. I: they increase inequality. i "; they result in different marginal products of labour across sectors. '_I T they increase the cost of agricultural labour. Question 13 According to the "Dutch disease" hypothesis )high settler mortality rates in Dutch colonies during the 1500s led to political institutions designed mainly to extract resources. bad governance in former Dutch colonies has resulted in a "resource curse". O newly discovered mineral resources often result in counter-productive consumption booms. mineral resource extraction diverts economic activity and effort away from sectors which promote long-run growth