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What is growth accounting? Assuming a production function, Y = A f (k, l), provide an intuitive explanation for the following equation. Define all terms.

What is growth accounting? Assuming a production function, Y = A f (k, l), provide an intuitive explanation for the following equation. Define all terms. image text in transcribed

rk wl Y = A+ + i Af(k.1) Af(k,1) rk wl Y = A+ + i Af(k.1) Af(k,1)

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