An economic forecasting firm has estimated the following equation from historical data based on the neoclassical growth model: The coefficient on the growth rate of labor XXXXXXXXXXin this equation is...


An economic forecasting firm has estimated the following equation from historical data based on the neoclassical growth model:





The coefficient on the growth rate of labor (0.72) in this equation is best interpreted as:


A. the labor force participation rate.


B. the marginal productivity of labor.


C. the share of income earned by labor.




Dec 31, 2021
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