-ECONOMICS-

posted by .

Consider a country in which capital per hour of work from 1950 to 1973 grew by 3 percent per year and output per hour of work grew by about 3 percent per year. Suppose that from 1973 to 1991, capital per hour of work did not grow at all and output per hour of work grow by about 1 percent per year. How much of the slowdown in productivity (output per hour of work) growth was due to technological change? Explain. (Assume that the coefficient on capital in the growth accounting formula is 1/3).

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    This is the question. In 1991, an American, Ann Trason, set a world record by running 100 km in 7hr,50min,09sec. What is the best estimate of her average speed?
  2. Math Algebra 1

    suppose you ca work a total of no more than 20 hours per week at your 2 jobs. baby-sitting $5 per hour, and your cashier job pays $6 per hour. you need to earn at least $90 per week to cover your expences. question : write a system …
  3. calculus

    Suppose the function G(t) represents a test grade (out of 100 points) as a function of hours studied. If G(t)=-0.046t^3+0.915t^2+38.005 points, what is (dG/dt)when t=4?
  4. Economics

    The nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. What can you infer …
  5. Economics

    You are considering quitting work for two years to earn an MBA. Your current job pays $25,000 per year (after taxes), but you could earn $55,000 per year (after taxes) if you had a MBA at Southern University. Tuition is $10,000 per …
  6. Math I need help Please help me!!!!!!

    Daniel is climbing up a cliff at a rate of 2 meters per minute. What is his rate in feet per hour?
  7. Math I need help Please help me!!!!!!

    Daniel is climbing up a cliff at a rate of 2 meters per minute. What is his rate in feet per hour?
  8. Calculus

    Suppose a certain country's population has constant relative birth and death rates of 97 births per thousand people per year and 47 deaths per thousand people per year respectively. Assume also that approximately 30000 people emigrate …
  9. Ed white

    solve this word problem suppose you have a job mowing lawns that pays $12 per hour you also have a job at a clothing store that pays $10 per hour you need to earn at least $350 per week but you can work no more than 35 hours per week …
  10. Trigonometry- Help!

    After one hour in flight, an airplane is located 200 miles north and 300 miles west of the airport. What is the magnitude of the plane's velocity?

More Similar Questions