CD ca ) . .. Capital A Labor . Output 500 450 400 350 300 INDICES (Percent) 250 200 150 100 50 1900 1905 1910 1915 1920 TIME( YEAR) (b ) 1= 0 . 252 4 x + 0.0126 Re = 0. 62879 0.40 0.30 0.20 In(Y/L) 0.10 0.00 .0.10 0.00 0.25 0.50 0.75 1.00 In( K/L (() in (x ) = 0.2524 InCE ) to.0146. d = 02 5 2 4 A =e9.9146 = 1.014 7 . . So due to my epnation , my regression result is agree with those of Lobb & Douglas whe rounded to 2 decimal places2. Use the calculation framework you developed in question 1 above to estimate the coefficients A and o for Australia using annual data from 1977 to 2000. The needed data is available in the Penn World Table Database as follows: . cgdpe: Expenditure-side real GDP at current PPPs (in mil. 2017US$). . cn: Capital stock at current PPPs (in mil. 2017US$). . emp: Number of persons engaged (in millions). where each of the codes (e.g., ogdpe) is a column header in the Excel version of the database. To answer this question download the database and use the data to create and submit the following: (a) The Australian version of the log-ratio graph you did in question 1 above. (b) Your estimates of A and a for Australia together with a brief comparison with the values you obtained in question 1 above