Suppose you have the following information about an economy:

Question 1 [6 points] Suppose you have the following information about an economy: Average annual rates of growth from 2003 to 2013: Potential GDP 7.33% Labour Force 3.6% Capital Stock 1.8% Share of labour income in national income: 2/3 Using growth accounting, nd the contributions to the annual growth in potential GDP that came from: Note: Make sure your answers are in percentage form and rounded to two decimal places. a) Growth in labour force? lContribution from growth in labour force = 0 % l b) Growth in capital stock? [Contribution from growth in capital stock = 0 % I c) Improved productivity as measured by the Solow residual? [Contribution from improved productivity = 0 %