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Refer to the following table when answering the following questions. Table 4.1: Production Model's Prediction for Per Capita GDP (US = 1) Observed per Predicted

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Refer to the following table when answering the following questions. Table 4.1: Production Model's Prediction for Per Capita GDP (US = 1) Observed per Predicted per capita capita GDP output Up = ko Burundi 0.02 0.19 Brazil 0.29 0.75 Switzerland 1.21 1.12 China 0.24 0.67 Spain 0.63 1.03 United Kingdom 0.75 1.04 India 0.10 0.47 Italy 0.68 1.10 Japan 0.68 0.95 South Africa 0.23 0.63 (Source: Penn World Tables 9.0) In the following calculations, you should assume o = The TFP that reconciles predicted and observed GDP per capita in Spain is (Round to the nearest hundredth.)Using the same Table 4.1, you know that the capital labor ratio in Brazil is (Round to the nearest hundredth.)The observed GDP per capita in Italy and Japan is the same. However, Italy's economy has a higher predicted GDP per capita than Japan since the capital-labor ratio (k) is [ Select ] Moreover, Table 4.1 shows that Italy's TFP must be [ Select ] Japan's

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