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GDP has grown in a country at 3% per year for the last 20 years

GDP has grown in a country at 3% per year for the last 20 years. The labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. A 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. Average education has not changed. How much has growing physical capital per worker contributed to productivity growth in this country? O 0.3% 0 0.6% 3.0% 06.0%

Feb 06 2020 View more View Less

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