Average income in France is $10, 000 compared to $12, 000 in the US. Therefore - - - 1 France's relative income IS 13333 = 83.3%. Discuss the value of A for each of the three welfare calculations. Highlight, in particular, what distinguishes the three values and how they compare to France's relative average income of 83.3%. [3 points for each measure of welfare] How does the welfare calculation based on the CRRA utility function with 7 = % compare to the linear and log cases? Can you related the result to the degree of risk aversion