Calculate the implied growth rate of technology in each scenario in the table below. Assume labor's share of output to 60% and
capital's share of output is 40%.
Scenario
A
B
C
D
Growth Rate of
Output (%)
3.0
4.2
3.0
4.2
Growth Rate of Labor
2
3
1
1
Growth Rate of
Capital (%)
2
3
5
4
Implied Growth rate of technology
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Instructions: Enter numbers rounded to one decimal place in each box.