Suppose output is growing at 3 percent per year and, Business Economics

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Suppose output is growing at 3 percent per year and

Suppose output is growing at 3 percent per year and capital's and labor's shares of income are .3 and .7 respectively.

A. If both labor and capital at 1 percent year what would the growth rate of total factor productivity have to be?

B. What if both the labor and capital stocks are fixed?

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Business Economics: Suppose output is growing at 3 percent per year and

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Business Economics: Suppose output is growing at 3 percent per year and

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