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Using the growth accounting equation, if the growth rate of output is 5%, the growth of labor is 2% and the growth of capital is
Using the growth accounting equation, if the growth rate of output is 5%, the growth of labor is 2% and the growth of capital is 2% then if =0.50 then growth of technology can be estimated to be:
Question 24 options:
A)
4.25%.
B)
4.00%.
C)
3.00%.
D)
4.75%.
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