Table 1: Cross-country data In 2005 dollars Relative to US (US = 1) Capital pc GDP pc Capital pc GDP pc Implied TFP to match data Country USA 175,075 France 136,004 South Korea 142,891 Indonesia 26,620 54,807 38,841 36,521 10,598
Table 1: Cross-country data In 2005 dollars Relative to US (US = 1) Capital pc GDP pc Capital pc GDP pc Implied TFP to match data Country USA 175,075 France 136,004 South Korea 142,891 Indonesia 26,620 54,807 38,841 36,521 10,598
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
(a) Assuming that the production function is of the form y = Ak1/3, where y and k denote GDP and capital per capita, fill in the missing entries of the table.
(b) Comment on the results that you find.
![Country
USA
175,075
France
136,004
South Korea 142,891
Indonesia
Argentina
Mexico
In 2005 dollars
Relative to US (US = 1)
Capital pc GDP pc Capital pc GDP pc Implied TFP to match data
Table 1: Cross-country data
26,620
31,589
41,866
54,807
38,841
36,521
10,598
16,469
17,070](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75044254-a782-4669-a70a-2963d596ac0d%2F176bfa42-17c0-4d92-aa91-d27e8956e8eb%2Fqyv60hx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Country
USA
175,075
France
136,004
South Korea 142,891
Indonesia
Argentina
Mexico
In 2005 dollars
Relative to US (US = 1)
Capital pc GDP pc Capital pc GDP pc Implied TFP to match data
Table 1: Cross-country data
26,620
31,589
41,866
54,807
38,841
36,521
10,598
16,469
17,070
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