What was the growth rate of total factor productivity

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Reference no: EM13887109

From 1990 to 2004, the Celtic Tiger, Ireland, experienced annual growth in RGDP of 6.4% while the capital stock grew at 4.8% per year and employment grew at 2% annually. Labor’s share of Income was 60%.

a) What was the growth rate of Total Factor Productivity?

b) What were the relative contributions of productivity, the capital stock and employment to the growth rate of RGDP?

Reference no: EM13887109

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