EBK MACROECONOMICS (FOURTH EDITION)
EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
Question
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Chapter 4, Problem 7E

(a)

To determine

Interpret the numbers and relationship between the table values.

(b)

To determine

Illustrate the value of per capita GDP predicted Y* and implied TFP to match data.

(c)

To determine

Determine the level of TFP for country ETH.

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In the last century, Tunisia’s Gross Domestic Product (GDP) has grown rapidly on average 5% per annum. However, as a result of the political, economic and geopolitical turmoil faced, the economic situation of the country has been affected since 2009. GDP per capita in 2009 was USD4130. While in 2017, GDP per capita Tunisia is USD3491.   In a situation that remains the same, how many years will Tunisia be able to doubling the per capita GDP achieved in 2009?
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