Country In 2011 dollars (1) Capital/person U.S. 175,075 Hong Kong 154,766 Argentina 31,589 (2) per-capita GDP 54,807 40,603 16,469 Relative to the US values (US = 1) (4) per-capita (5) predicted GDP y* (3) Capital/person 1.000 1.000 1.000 (6) Implied TFP to match data 1.000

Country In 2011 dollars (1) Capital/person U.S. 175,075 Hong Kong 154,766 Argentina 31,589 (2) per-capita GDP 54,807 40,603 16,469 Relative to the US values (US = 1) (4) per-capita (5) predicted GDP y* (3) Capital/person 1.000 1.000 1.000 (6) Implied TFP to match data 1.000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Country
U.S.
In 2011 dollars
(1)
Capital/person
175,075
Hong Kong
154,766
Argentina 31,589
(2) per-capita
GDP
54,807
40,603
16,469
Relative to the US values (US = 1)_
(4) per-capita (5) predicted
GDP
y*
(3)
Capital/person
1.000
1.000
1.000
(6) Implied
TFP to match
data
1.000

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Step 1: Define GDP:-

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Step 2: Calculate capital per person, per capita GDP, predicated Y*:-

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Step 3: Formula Used for column 3 & 4:-

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Step 4: Formula Used for column 5:-

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Step 5: Formula Used for column 6:-

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