population
The current population of the United States is 324.3 million with
2.6% of the population is engaged in R&D at an efficiency rate of 1/400 per million persons per year.
(a)If R&D is the only source of total-factor productivity growth what is the growth rate of total factor productivity in the United States?
(b)If the growth rate in output per person is 2.0% per year what is the value of α in the Cobb-Douglas production function?
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