An economic forecasting firm has estimated the following equation from historical data based on the neoclassical growth model: The intercept (1.5) in this equation is best interpreted as: A. the...

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

The intercept (1.5) in this equation is best interpreted as:

A. the long-run sustainable growth rate.

B. the growth rate of total factor productivity.

C. above-trend historical growth that is unlikely to be sustained.