Question
Congo's output per worker is 10% of that in the US and its capital stock per worker is 5% of that in the US. Assuming
Congo's output per worker is 10% of that in the US and its capital stock per worker is 5%
of that in the US. Assuming the Cobb-Douglas production specification that we discussed
in class, what will be the ratio of MPK in Congo to that in the US? (4 points)
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
