Please help me answer 6-10. 6. Suppose the production function takes the form Y = AK0.5 10.5. Two countries (1 and 2) share the sameproductivity, but the capital stock per worker of country 1 is 100 times larger than the capital stock per workerof country 2. It follows that per capita GDP in country 1 istimes the one of country 2.a. 1000b. 100C.50d. 10e. 27. In the production model, an increase in total factor production (Ā) leads to an increase in:a. K (capital rented by firms)b. L (labor hired by firms)r (rental price) and KC.d.w (real wage), r, and Ye. w, r, K, L, and Y8. In the production model, TFP explains aboutperson explains about%.50; 50a.b. 75; 2525; 750; 100100; 0c.d.e.% of income differences across countries while capital per9. Differences in TFPs across countries are explained by differences in:a. Monetary policyb. Country sizesC. Natural resourcesd. Institutions, such as property rights and rule of law.Weathere.10. In the Solow model, the equation of capital accumulation is:a. Akt Kt - Kt-1 = SYt + dKt-1b. Akt Kt - Kt-1 = 5K+ + dytc. AKt = Kt - Kt-1 = SYtd. AKt+1 = Kt+1 - Kt = SYt - dkte. Akt+1= Kt - Kt-1 = SYt - dkt-1

Here we are given the production functions of 2 countries. Which explains that the output of the…

6. Suppose the production function takes the form Y = AK0.5 10.5. Two countries (1 and 2) share the same productivity, but the capital stock per worker of country 1 is 100 times larger than the capital stock per worker of country 2. It follows that per capita GDP in country 1 is times the one of country 2. a. 1000 b. 100 c. 50 d. 10 e. 2