Answer:
Number describing productivity, which is pro-cyclical and is a function of labor, capital and labor productivity.
Explanation:
Solow's residual is a number describing empirical productivity growth in an economy during years or decades. Solow's residual is pro-cyclical, but not so much as labor input. the fall of productivity in recession often comes as a result of high unemployment. Solow model measures productivity as a function of capital, labor and the productivity of that labor. Therefore, they all should be taken into consideration when calculating the annual aggregate output.
