Answered: growth rates of GDP

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Economics

growth rates of GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

consider two sub-periods in the long period of 1980-2018. The sub-periods considered are 1980-1989 and 2003-2007. Write the avg. growth rates of GDP, capital stock, labor and TFP contribution to GDP growth for each period.

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