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This is a visualization of the Tinbergen–Solow equation. It is a modified version of the Cobb–Douglas production function, with an additional residual term ... . This function incorporates technological change, which is not reflected in the Cobb–Douglas production function. At a fixed time ... economic output ... is still a function of labor ... and capital ... , but now as technological progress grows at rate ... , the attainable economic outputs increase.
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