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Consider the following data in 2015 for USA and Honduras, Country GDP ($ mill.) Capital ($ mill) Labor Force (mill.) USA 17000000 58000000 150 Honduras

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Consider the following data in 2015 for USA and Honduras, Country GDP ($ mill.) Capital ($ mill) Labor Force (mill.) USA 17000000 58000000 150 Honduras 36770 138000 4 (a) (8 points) Using the production function model, calculate the predicted GDP per worker of Hon- duras relative to the US. (b) (8 points) Using the numbers above calculate the TFP of Honduras relative to the United States. (c) (4 points) Using all the information you have, calculate the relative real wage for Honduras

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