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

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 7SQ

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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

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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