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Refer to table 1. Calculate real GDP per labor (average productivity of labor) and capital per labor (K/L) for 1960 and 2000 in the table
Refer to table 1. Calculate real GDP per labor (average productivity of labor) and capital per labor (K/L) for 1960 and 2000 in the table below. Table 1: real GDP, employment, capital, and mean school years Year Real gross domestic product (billions of dollars) Employment level (thousands of persons) Real private assets (year =100) Mean school (years) (Y) (L0) (K) (h) 1960 3260 65785 6677.6 11.4 2000 10252 136901 27514 14
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