Question
Production function: Y=K 0.3 L 0.7 Column 1 is given each country's GDP per capita relative to Country A. The production function is applicable to
Production function: Y=K0.3L0.7
Column 1 is given each country's GDP per capita relative to Country A. The production function is applicable to all countries. Fill in the second column.
Knowledge of Solow Model should help. Assume tech levels are same in every country.
Please show formula for how to get the second column.
| Country | y/yA | k/kA |
| A | 1 | |
| B | 1.01 | |
| C | 0.43 |
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Economics
Authors: R. Glenn Hubbard, Anthony Patrick O Brien
7th edition
134738314, 9780134738116 , 978-0134738321
