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Rationales and importance of tfp

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What is total factor productivity growth and why is it important?

Definition of TFP

Define and Explain the difference of A vs K & L

Illustrate some examples and the rationales and importance of TFP (especially on A) as a force for sustainable growth. (more effort and space needed here)

Explain why K & L fail to drive an economy towards long term sustainable growth

Reference no: EM131564528

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