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Business, 05.11.2019 00:31, springlcp2nk7h
Suppose the economy of india can be represented by the following production function: = . assume that during 2014, india’s technological growth (solow residual) is 4%, and the growth rates of both the capital and labor input stocks are 3%. a) calculate india’s output growth for 2014. b) what is the contribution of productivity growth to total output growth (in percentage terms)?
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Suppose the economy of india can be represented by the following production function: = . assume t...
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