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g. Calculate the marginal product of capital in each country. What do you predict would happen to capital flows across countries in marginal products of
g. Calculate the marginal product of capital in each country. What do you predict would happen to capital flows across countries in marginal products of capital were like this? h. Now change the exponent on K from 1/3 to 4 (remember to adjust the exponent on L to keep CRS). Re-do the parts e-g. Are the results different? Why? country Population Y K Argentina 42.98 859,909 2,148,251 Australia 23.62 1,029,705 3,944,976 Austria 8.52 384,609 1,891,024 Bangladesh 159.08 459,318 1,528,128 Barbados 0.28 2,831 15,840 Belarus 9.50 188,961 338,924 Belgium 11.23 436,640 2,300,616
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