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刘同学2020-03-08 22:33:17

n economic forecasting firm has estimated the following equation from historical data based on the neoclassical growth model: Potential output growth = 1.5 0.72 x Growth of labor 0.28 x Growth of capital 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 这个题该怎么理解,

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Sophie2020-03-09 17:51:44

同学你好,
Potential output growth = 1.5   0.72 x Growth of labor   0.28 x Growth of capital 
题目中问的是1.5表示的含义
1.5是增长函数的截距,代表的是productivity

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