Business, 24.03.2021 09:30 quayala

4. Assume an aggregate production function in which labour's share of income is 63% and capital's share of income is 37%.
By how much would real GDP in this economy grow if labar
grows at 5%, the capital stock grouos at 2% and total
factor productivity increases by 2.4?

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4. Assume an aggregate production function in which labour's share of income is 63% and capital's s...

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