Question 10 0.1 pts Suppose that a firm produces Q 127 units of a good in 2017 a

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Question 10 0.1 pts Suppose that a firm produces Q 127 units of a good in 2017 and then produces Q 136 units in 2018. What is the percent growth rate between 2017 and 2018? (round to 2 decimal places) Question 11 0.6 pts Open the file "China.xlsx" under Canvas> Files > Data. Calculate the growth rates of output, capital, and labor for each year in the data set. Then calculate the growth rate of TFP for each year assuming that China's output can be determined by the following production function: 1/3 T 2/3 What is the average growth rate of TFP? (use percent change for the growth rate; round to 2 decimal places, you should not have a value for the growth rate in 1952)

Explanation / Answer

10) We know growth rate can be calculated by = ( present value - initial value / initial value ) * 100

so , we have Q1 = 127 and Q2 = 136

growth rate between 2017 and 20148 = (136 - 127 / 127 ) * 100

growth rate = 0.070866 * 100

growth rate = 7.08%

so, growth rate bewteen 2017 and 2018 is 7.08%.

11) please upload it againt. it against chegg policy.

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