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Table 1: real GDP, employment, capital, and mean school years Year Real gross domestic product (billions of dollars) Employment level (thousands of persons) Real private
Table 1: real GDP, employment, capital, and mean school years Year Real gross domestic product (billions of dollars) Employment level (thousands of persons) Real private assets (year =100) Mean school (years) (Y) (L0) (K) (h) 1960 3260 65785 6677.6 11.4 2000 10252 136901 27514 14, Table 2: real GDP and capital per labor Year Real GDP per labor Capital per labor Y/L0 K/L0 1960 2000, Refer to your answers in table 2 and human capital data from table 1. Calculate annualized growth rates of real GDP per labor, annualized growth rates of capital per labor, and annualized growth rates of human capital from table 3 for the period 1960-00. (Please review the growth accounting slide in module 6 , macroeconomic concepts and tools review slide (slide 1), economic growth slide before you start calculating the numbers in table 3). Please show your calculation steps
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