Professor J. Haskel 22/10/2014 1 CHINESE ECONOMIC GROWT H Question 1 T able1. Cumulative Average Growth Rate (CAGRs)(1952-2008) Year 1952-1978 1978-2008 Year 1952 1978 2007 Y 5.1% 9.6% L 2.1% 1.7% h = H/L 1.6% 1.2% K 8.7% 9.7% T able 2. Economy Factors of China (1952 - 2008) Output Input Y L h=H/L K 162,655,626,000 282,000,000 1.10 147,292,230,037 587,000,040,000 484,000,000 1.65 1,301,869,215,998 8,444,953,000,000 781,000,000 2.33 18,957,094,811,042 T he steps to get the cumulative average…
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