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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
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 = k* 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 0.24 0.63 (Source: Penn World Tables 9.0) In the following calculations, you should assume o = 0.35 . 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 Japan is . (Round to the nearest hundredth.)
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