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GDP per worker 1000 790 - PC1 500 Ic 200 200 400 600 + Physical Capital Per Worker Figure 1: Labor Productivity For the next

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GDP per worker 1000 790 - PC1 500 Ic 200 200 400 600 + Physical Capital Per Worker Figure 1: Labor Productivity For the next three questions, refer to figure 1. Suppose Spain was about, point B in 1090, while South Korea was about point A in 1990. 10. Which country has the had higher returns to physical capital in 19907 5 points. In 1990, South Korea bind bigner returns to playsing Capital because it started with less, and experienced do Capital white forth In 2010, both Spain and South Korean were at point D. 11. What was the growth rate in labor productivity between 1890 and 2010, for each country? 5 points. physics Spain : 500 1006 - 200 */60 = 400% for SK. 20 2.5 206 South Korea: 2 - 5 12. What share of the growth of labor productivity between 1990 and 2010 was due to terimological progress, for cuch country? 5 points. Spain: 2,00 due to technological progress 5 00 500 - 1700 300 from team South Korea: 300 3 due to technological progress 20 -7 1600 300 From tech

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