Business
Business, 20.02.2020 04:23, owlsandR5

GDP has grown in a country at 3% per year for the last 20 years. The labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. A 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. Average education has not changed. How much has growing physical capital per worker contributed to productivity growth in this country

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GDP has grown in a country at 3% per year for the last 20 years. The labor force has grown at 2% per...

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