Business, 25.09.2020 06:01 darrriannn7241

• If output grows at 7%, capital grows at 3%, labor grows at 2% and the share of labor and capital in the production process is equal (meaning 0.5 each), what is the growth rate in total factor productivity
for country A?
• If output grows at 5%, capital grows at 7%, labor grows at 6% and the share of labor and capital in
the production process is equal (meaning 0.5 each), what is the growth rate in total factor productivity
for country B?
• Based on your calculations for country A and country B above, state the main driver/s of economic
growth for each country.
• This is reference to the graph on the relationship between output per worker and capital per worker in
slide 2 on growth analysis. Imagine country X has seen a sudden influx of immigrants. How will this
impact the relationship between output per worker and capital per worker? Show using a graph and
explain in detail.
• This is reference to the graph on the relationship between output per worker and capital per worker in
slide 2 on growth analysis. Imagine country Y has made a sudden discovery which helps in improving
the productivity of manufacturing companies. How will this impact the relationship between output
per worker and capital per worker? Show using a graph and explain in detail.

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• If output grows at 7%, capital grows at 3%, labor grows at 2% and the share of labor and capital i...

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