Solution-What has been the growth rate of the solow residual

What has been the growth rate of the solow residual

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Reference no: EM131400557

Over the last 50 years in the U.S., real GDP has grown at approximately 3% per year, while capital has been accumulating at around 3% per year and the labor force has grown at around 1% per year. The labor share of income is about 0.7. What has been the growth rate of the Solow residual?

Reference no: EM131400557

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What has been the growth rate of the solow residual

Reference no: EM131400557

Reference no: EM131400557

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