Calculate the level of total factor productivity

Reference no: EM133706519

Question: Capital per person in Italy is about 93 percent of the U.S. level and per capita income is about 68 percent of the U.S. level. Given that per capita income y = A k 0.3 , calculate the level of total factor productivity (A), relative to the U.S. level, that would be needed for Italy to match the U.S. level of per capita income. Round your answer to 2 decimal places.

Reference no: EM133706519

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