If question requires you to show calculatio , what information is needed to show? I think the cfa model answer is too detailed.
for example, like 2011, q4, show calculation using Cobb-douglas, is it required to show like below?
Projected annual GDP growth rate = growth in total factor production + output elasticity of capital x growth…l
= 2.8% + 0.4 x 3.6%…
We need to write the formula in word?
Mr-Z
#2
I would write it out or at least do the abbreviation for it
∆Y/Y = ∆A/A + α∆K/K + (1 – α)∆L/L
Because if you get the answer wrong do to placing a number in the wrong place, from what I understand, the grader will give you partial credit.
tulkuu
#3
That’s the best(using well known symbols) I can do in the exam. Writing too many words will made me physically as well as mentally tired.