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Let's model the impact of a change in capital, labor and population for various measures used in GDP growth accounting. Assume for Ukraine, due to
Let's model the impact of a change in capital, labor and population for various measures used in GDP growth accounting. Assume for Ukraine, due to the current conflict, Capital (K) falls by 20%, Labor (L) falls by 10% and Population (N) falls by 30%.
What is the impact (increases/decreases/no change) for the following:
GDP (Y):
GDP per capita (Y/L):
GDP per worker (Y/K):
Income/Returns to capital (K):
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