Problem
1. What is the parameter a in the production function in Equation?
2. What does the Solow residual measure, and what are its empirical properties?
3. What are three possible causes for the productivity slowdown?
4. What explains the recovery in productivity growth in the 1980s and 1990s and the reduction in productivity growth beginning in 2000?
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.