The following table provides data on output per worker, physical capital per worker, and human capital per worker, for three countries. Consider the following data on two countries, where α = 0.4. 1)Calculate the countries’ relative levels of output with respect to country III if all differences in output were the result of FOPs. For Country X it would be 1.034, For County Y it would be 0.362 For Country X it would be 193.85, For County Y it would be 67.87 For Country X it would be 67.87, For County Y it would be 187.41 For Country X it would be 0.362, For County Y it would be 1.034
The following table provides data on output per worker, physical capital per worker, and human capital per worker, for three countries. Consider the following data on two countries, where α = 0.4.
1)Calculate the countries’ relative levels of output with respect to country III if all differences in output were the result of FOPs.
For Country X it would be 1.034, For County Y it would be 0.362
For Country X it would be 193.85, For County Y it would be 67.87
For Country X it would be 67.87, For County Y it would be 187.41
For Country X it would be 0.362, For County Y it would be 1.034
2)Calculate the countries’ relative levels of output with respect to country Z if all differences in output were the result of productivity.
For Country X it would be 1.116, For County Y it would be 0.651
For Country X it would be 0.896, For County Y it would be 1.535
For Country X it would be 1.29, For County Y it would be 2.21
For Country X it would be 0.77, For County Y it would be 67.87
3)The productivity level, A, in each country is
Ax= 380, Ay= 190 and Az= 370.
Ax= 0.77, Ay= 0.45 and Az= 0.69.
Ax= 1.29, Ay= 2.21 and Az= 1.44.
Ax= 193.85, Ay= 67.87 and Az= 187.41.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
