Capital per person in France is about 81 percent of the U.S. level and per capita income is about 79 percent of the U.S. level. Given that per capita income y = Ak0.3, calculate the level of total factor productivity (A), relative to the U.S. level, that would be needed for France to match the U.S. level of per capita income. Round your answer to 2 decimal places.
Capital per person in France is about 81 percent of the U.S. level and per capita income is about 79 percent of the U.S. level. Given that per capita income y = Ak0.3, calculate the level of total factor productivity (A), relative to the U.S. level, that would be needed for France to match the U.S. level of per capita income. Round your answer to 2 decimal places.
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
Problem 20SQ
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![Capital per person in France is about 81 percent of the U.S. level and per capita income is about 79 percent of the
U.S. level. Given that per capita income y = Ak0.3, calculate the level of total factor productivity (A), relative to the
U.S. level, that would be needed for France to match the U.S. level of per capita income. Round your answer to 2
decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06cd2e35-443e-495f-88e1-7b69cb04e155%2Fcf25743e-729f-4cfe-b5ae-4636e5b9e02b%2Fux6cxid_processed.png&w=3840&q=75)
Transcribed Image Text:Capital per person in France is about 81 percent of the U.S. level and per capita income is about 79 percent of the
U.S. level. Given that per capita income y = Ak0.3, calculate the level of total factor productivity (A), relative to the
U.S. level, that would be needed for France to match the U.S. level of per capita income. Round your answer to 2
decimal places.
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