Consider the following data on two fictional countries: 1 and 2. .Country 1Country 2Output per worker (y)Physical Capital per Worker, kHuman Capital per Worker, h120100501005025If the production function is y = Akºh'-a, where a = 0.5., then if all differences in output were due todifferences in factor accumulation then country 1 output would be%3Dtimes greater than in Country 21.700.591.171.46

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If the production function is y = Akªh1-a, where a = 0.5., then if all differences in output were due to %3D differences in factor accumulation then country 1 output would be times greater than in Country 2 O 1.70 O 0.59 O 1.17 O 1.46

If the production function is y = Akªh1-a, where a = 0.5., then if all differences in output were due to %3D differences in factor accumulation then country 1 output would be times greater than in Country 2 O 1.70 O 0.59 O 1.17 O 1.46

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section17.1: Economic Growth Around The World

Problem 1QQ

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Question

Consider the following data on two fictional countries: 1 and 2. .
Country 1
Country 2
Output per worker (y)
Physical Capital per Worker, k
Human Capital per Worker, h
120
100
50
100
50
25
If the production function is y = Akºh'-a, where a = 0.5., then if all differences in output were due to
differences in factor accumulation then country 1 output would be
%3D
times greater than in Country 2
1.70
0.59
1.17
1.46

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