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I don't need answers, I just need to double check the process for what it is asking me to do. I am including a picture
I don't need answers, I just need to double check the process for what it is asking me to do. I am including a picture of the assignment for clarity.
For column 3, capital per person, I divide the countries column 1 by United States column 1 right?
For column 4, per capita GDP, I divide the countries column 2 by United States column 2 right?
For column 5, the production function is Y=A(k^1/3)(L^2/3) but I don't know how to proceed.
Thank you very much for your time!
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