What is growth rate for an economy in which tfp is constant


Problem

What is the growth rate for an economy in which TFP is constant, labor grows at a rate of 1 percent per year, capital grows at a rate of 2 percent per year, and labor's share of output equals 60 percent while capital's share equals 40 percent?

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Macroeconomics: What is growth rate for an economy in which tfp is constant
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