Taylor (1997) explains that when estimating long-run real GDP growth, we use the sum of wage growth and labor force growth the difference between labor productivity growth and labor force growth the sum of labor productivity growth and labor force growth O the difference between wage growth and capital growth
Taylor (1997) explains that when estimating long-run real GDP growth, we use the sum of wage growth and labor force growth the difference between labor productivity growth and labor force growth the sum of labor productivity growth and labor force growth O the difference between wage growth and capital growth
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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