What was the growth in the overall productivity of labor

Reference no: EM13188804

a nation's rate in 2003 was 5%. It accumulated capital at a rate of 5% and added to its employment of labor at a rate of 5%. The proportionate increase in real GDP in response to a proportionate increase in capital was 0.2, and the proportionate rise in real GDP following a proportionate increase in labor was 0.8. What was the growth in the overall productivity of labor and capital during 2003?

Reference no: EM13188804

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