The graph shows the U.S. productivity curve in 1960.    Draw a point to show real GDP per hour of labor when capital per hour of labor is​ $30. Label it 1.    Draw a productivity curve that illustrates the labor productivity in 1969. Label it.    Draw a point that shows the effect of

The table below represents Freedonia's macroeconomic data for 2003 and 2004. Year Y K 2003 2000 1700 70 2004 2100 1785 75 a. What is the economic growth rate of Freedonia from 2003 to 2004? Show your calculation. b. What is the capital growth rate from 2003 to 2004? Show your calculation. c. What is labor growth rate from 2003 to 2004? Show your calculation. d. Suppose the production function is given by Y = AKO.25L0.75. Use two %3D approaches to solve for the growth rate of total factor productivity (A) from 2003 to 2004. Show your calculation.

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Help with part D.

Assume there are 100 workers and each worker produces 100 outputs. If the workforce is growing by 1% a year but productivity does not improve, how fast can output increase?

Based on article "Technology and economic growth: From Robert Solow to Paul Romer" by Rui Zhao, Romer has successfully opened the black box and explained how technology can be produced by an economy without having to rely on external (exogenous) technology. Using the central equations of the Romer’s model, technology (At) can grow to At + 1 due to efforts in R&D and technology spillover. Explain the role of three key sectors in the economy to drive technological-based economic growth.