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What is the growth in productivity

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Suppose for the economy of Pluto, its average annual growth rates from 1995 to 2005 for potential GDP was 6.31% per year, labour force was 3% per year and capital stock was 2.4% per year. Also assume that the share of labour income in national income is always 2/3. What is the growth in productivity as measured by the Solow growth residual?

Reference no: EM132606859

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