The following table provides data on output per worker, physical capital per worker, and human capital per

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The following table provides data on output per worker, physical capital per worker, and human capital per worker, all relative to the United States. For each of the three countries listed, calculate factor accumulation and productivity relative to the United States. In which country does factor accumulation play the largest role in explaining income relative to the United States? In which country does productivity play the largest role?

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Economic Growth

ISBN: 9780273769293

3rd Edition

Authors: David N Weil

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