Q1: Why is measuring productivity more difficult than measuring output, physical capital, labor, and human capital?
(b) How does human capital in the form of health differ from human capital in the form of education?
(c) Why and how might education have externality effects?
(b) What are the long-run effects?
(c) How does the effect of raising the fraction of resources devoted to R&D differ in a follower country compared with a leading country?
(d) Why are the effects different?
(b) Given that technological progress proceeds at different speeds in different sectors of the economy, what implications do these differences have for the growth rate of aggregate output?
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