True or False? Explain your answer The following table updates the data in table 7.2 to 2019 for selected countries. All numbers are relative to the US. Assuming a value of a = 1/3, the data imply that Turkey's level of productivity is closest to that of the US.

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True or False? Explain your answer
The following table updates the data in table 7.2 to 2019 for selected countries. All numbers are
relative to the US. Assuming a value of a = 1/3, the data imply that Turkey's level of productivity
is closest to that of the US.
Country
Turkey
Output/worker (y) Physical capital/worker (k) Human capital/worker (h)
0.602
0.108
0.105
0.669
Canada
0.727
0.992
South Korea
0.591
0.146
1.005
Mexico
0.340
0.116
0.741
Transcribed Image Text:True or False? Explain your answer The following table updates the data in table 7.2 to 2019 for selected countries. All numbers are relative to the US. Assuming a value of a = 1/3, the data imply that Turkey's level of productivity is closest to that of the US. Country Turkey Output/worker (y) Physical capital/worker (k) Human capital/worker (h) 0.602 0.108 0.105 0.669 Canada 0.727 0.992 South Korea 0.591 0.146 1.005 Mexico 0.340 0.116 0.741
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