16 Calculate the implied growth rate of technology in each scenario. Assume labor's share of output is 60% and capital's share of output is 40%. Instructions: Enter numbers rounded to two decimal place in each box. Growth Rate of Output (1) Growth Rate of Labor (1) Growth Rate of Capital (1) Scenario A B C D 3.0 4.2 3.0 4.2 2 3 2 1 2 3 1 A Implied Growth Rate of Technology (1)

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