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Could I please have help with question 2 thank you. 2. Growth in GDP per capita in France has slowed down considerably in the late

Could I please have help with question 2 thank you.

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2. Growth in GDP per capita in France has slowed down considerably in the late 1990s. Your task is to understand why. Here are some data that you will find useful: Year GDP Popula- Capital Educa- ior Labor tion 1961 387 47.317 1,110 20.410 5.44 1974 769 53.771 1,920 23.174 6.00 2000 1,350 60.431 3,850 27.497 7.86 GDP and capital are expressed in billions of 2000 US dollars. Population and em- ployment are in millions of heads. Education is the average number of years of school completed among people older than 15. The production function is: Y = AK3(NH)3 where K is the capital stock, H is education and N is the labor input. (a) Using the same formula as in the previous exercise, compute Growth rates of GDP per capita over the period 1961-2000: Growth rates of GDP per worker over the period 1961-2000: (b) Use our growth accounting methodology to allocate growth in output per capita over the period 1961-2000 to growth in TFP, employment rate, capital per worker, and human capital, respectively. Fill the following table: A UZ H Growth rate (%) Contribution to GDP growth (%) Where Y=GDP, P=total population, K=capital, N=labor, H=human capital (education), A=total factor productivity (TFP)

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