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Given the production function Y = AK0.3L0.7 if output grows by five percent, the capital input...

  1. Given the production function Y = AK0.3L0.7 if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent, calculate the Solow residual growth. Calculate the growth rates of output per worker and capital per worker.

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Rahul Sunny answered 1 year ago
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