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(solution) QUESTION 3 (1) Suppose there is no technological change
QUESTION 3
- (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 aL= 3/4 and aK = 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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DATE ANSWEREDSep 13, 2020
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