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Consider the Data in the Following Table:
A) Fill in the Missing

Question 53

Essay

Consider the data in the following table:
a) Fill in the missing values, assuming the capital share is equal to α\alpha = 1/4.
b) Which period had the greatest per capita growth α\alpha The slowest?
c) Which period has the slowest TFP growth, and what might have contributed to this?
19481973197319951995200720072011Y/L0.91.91.0K/L0.90.71.1 Labor Comp 0.20.20.4 TFP 2.20.51.5\begin{array} { l c c c c } \hline & 1948 - 1973 & 1973 - 1995 & 1995 - 2007 & 2007 - 2011 \\\hline Y / L & & 0.9 & 1.9 & 1.0 \\K / L & 0.9 & 0.7 & & 1.1 \\\text { Labor Comp } & 0.2 & & 0.2 & 0.4 \\\text { TFP } & 2.2 & 0.5 & 1.5 & \\\hline\end{array}

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