I\'d really appreciate any help on this!! . Use the data in the exhibit to compl

Question

I'd really appreciate any help on this!!

. Use the data in the exhibit to complete a and b. Exhibit: Factors of Production Data Compute and report the value of growth in total factor productivity ((At - At-i)/At-i) ii period from periods 2 through 5. If the value of A is 1.000 in period 1, also report the of A in each period. Docs the value of A rise in each period? If it declines, do you think this decline is bee technological progress works backward? If so, explain your answer. If not, provide an explanation

Explanation / Answer

using coub dougglour finction

Y = AK^aL^b

in period 1

A = 1.00 (given)

share of L in output = .5

100 = 200^a*100^b

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