Suppose that L = 1, = 5, and A = 0 . 25. (a) Calculate the growth

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Suppose that L= 1, = 5, and A = 0.25.

(a) Calculate the growth rate of output per worker.(b) Now suppose that A is raised to 0.5. How many years will it take before output per worker returns to the level it would have reached if A had remained constant?

Posted Date: Jul 05, 2024 06:12 AM

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Suppose that L = 1, = 5, and A = 0 . 25. (a) Calculate the growth

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