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Suppose y = Ak1/3, the capital-labour ratio is $30 000 per worker, the level of total factor productivity is 400, 50% of the population works,
Suppose y = Ak1/3, the capital-labour ratio is $30 000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per capita is 13) ______ A) $4930.85. B) $6212.33. C) $7765.41. D) $9033.96
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