I need help with question 1 please. Thank you.

1. Consider the following data for the United States and Japan: United States Japan 1970 1985 Growth 1970 1985 Growth GDP 2083 3103 2.69 620 1253 4.80 Capital 8535 13039 2.86 1287 3967 7.79 Labor 78.6 104.2 1.90 35.4 45.1 1.63 N K A Employment is measured in millions of workers, GDP and capital in billions of 1980 US dollars. Growth rates are continuously-compounded average annual percentages. What was the output per worker in the U.S. in 1970? What were the factors behind the differences in output per worker between U.S. and Japan in 1970? Explain why output grew faster in Japan between 1970 and 1985. Answer the questions by filling the last three rows at the bottom of the Table above. Assume that the production function is Y = AK3 N3, where K is the capital stock and N is the labor input. Compute the annual growth rates between 1970 and 1985 of a variable X using the formula Growth Rate = X1985 X 1970