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1. The following table provides data on output per worker, physical capital per worker, and human capital per worker for 3 countries, all relative to
1. The following table provides data on output per worker, physical capital per worker, and human capital per worker for 3 countries, all relative to the U.S. Suppose the production function is y : 1411:\"th . A) For each country, calculate factor accumulation and productivity relative to the U.S. Make sure you state the formula used for each calculation (formulas can be inserted in the rst row of the table). -_- Output per Physical Capital Human Capital ' _ _ 001111\"? Worker per Worker per Worker Factors of production Productmty -_ Il--- Ken a 0.032 0.022 0.73 B) Within each country, is it productivity or factors of production that plays a more important role in explaining the country's income per capita relative to the U.S.? Explain. C) Comparing across the 3 countries, in which country does productivity play the largest role in explaining income relative to the U.S.? Explain
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