(solution) QUESTION 3 (1) Suppose there is no technological change

QUESTION 3

1. (1) Suppose there is no technological change (?A/A=0), L grows at 1 percent (?L/L=1%), and K at 4 percent (?K/K=4%). What is the output growth (?Q/Q), if a_L= 3/4 and a_K = 1/4? 
   
   Your answer: _______% (Do NOT include ?%? in your answer. Round your answer to two decimal places, unless your answer is an integer.)

    

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