5. Fill in Table 4. Table 3: Calculating TFP Ratios In 2014 dollars Relative to US (US = 1) N Capital GDP Capital GDP Country per person Predicted Implied TFP per capita per person per capita y* United States 160,247 51,621 to match data H Australia 162,790 46,543 Botswana 62,985 15,068 Ecuador 37,835 10,912 Italy 198,090 33.353 Kazakhstan 40,490 23.556 Mozambique 2,493 1,047 Singapore 284,572 64,624 Qatar 423,284 163,294ECN 302 Name: 6. Use your knowledge of the production model to mathematically show the share of GDP received by capital and received by labor.ECN 302 Name: 4. Assume the relationship between economic growth gy is a function of tech- nological growth ga and growth in capital g given by the equation gy = ga + 79k (a) Growth in capital in China was 15% during the period 1990 to 2000 and their growth in technology was 5%, what was economic growth? (b) Economic growth was 2% in the US over the period 1950 to 2015 and technological growth averaged 1.5%, what was growth in capital? (c) Economic growth was 4% in Argentina from 1870 to 1915 and growth in capital was 6%, what was technological growth?ECN 302 Name: 2. Using Table 1, calculate the actual average annual growth rates for the US during the periods Table 1: US GDP per capita Year US income 1870 $3203 1929 $8669 1950 $14398 2015 $50798 (a) 1870 to 1929 annual average growth rate. (b) 1929 to 1950 annual average growth rate. (c) 1950 to 2015 annual average growth rate. (d) 1870 to 2015 annual average growth rate. Does any period stand out as excep tionally above the overall average? Compute the average annual growth rate of per capita GDP in each of the3. Compute the average annual growth rate of per capita GDP in each of the cases in Table 2 Table 2: Incomes around the world Country 1980 2014 Growth rate United States 29288 51958 Canada 24716 43376 France 22557 37360 United Kingdom 20044 38083 Italy 19912 34876 Germany 19617 45320 Japan 19147 35574 Ireland 12845 52186 Mexico 11954 15521 Brazil 5297 17459 Indonesia 2249 9797 Kenya 2049 2971 China 1578 12514 India 1169 5451 Ethiopia 690 15051. In 2014, Ethiopia had a per capita income of $1500, about $4 per day. Compute per capita income in Ethiopia for the year 2050 assuming the average annual growth is: (a) 1% per year (b) 2% per year (c) 4% per year (d) 6% per year