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Unformatted text preview: 1) Compute the (average continously compounded) growth rate of GDP and GDP per worker over the period 1965-2000. (10 points) 2) Assume a Cobb Douglas augmented production function with equal to 1/3. Use our growth accounting methodology to allocate growth in output to growth in TFP, employment, capital, and education, respectively. What factors are most important? (10 points) 3) How would you answer change if no data on education were available? (10 points) 4) Assume you have no data on education. How do you decompose the growth of output per worker? (10 points) Due October 22 nd at beginning of class...
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- Spring '10