Over the last 50 years in the us, gdp per person has grown at approximately 1% per year, while capital per person has been accumulating at around 0.5% per year. assume a capital share of 0.3. what is the growth rate of the solow residual?

Explanation:

Growth rate of GDP per worker = growth rate of technology + capital share X growth rate of capital per worker

0.01 = growth rate of solow residual + 0.3*0.005

growth rate of solow residual = 0.0085 =8.5%

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two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.