Problem
If, in the context of a standard production function, Y F ( K , N ), where K represents physical capital and N represents raw labor, we were to interpret the Solow residual (AA ) as "technological progress," we would be in error. What, besides technological progress, would this residual catch? How could you expand the model to eliminate this problem?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.