Consider the following data which applies to avataria and

Reference no: EM13379041

Consider the following data, which applies to Avataria and Twilightia in the years 1990 and 2010. In both countries the production function in per worker terms is:

y = A(k)^1/2(h)^1/2.

Country; Year; Output per worker, y; Physical capital per worker, k; Human capital per worker, h

Avataria: 1990; 50; 5; 125

2010; 400; 60; 375

Twilightia: 1990; 25; 8; 128

2010; 300; 48; 768

(a) What were the productivity levels in each country in 1990 and 2010?

(b) Which country had higher annual factor accumulation growth rate between 1990 and 2010? (Calculate these rates.)

Reference no: EM13379041

Questions Cloud

You are meeting with accounting department personnel to : you are meeting with accounting department personnel to make sure they understand the importance of corporate social

Assuming that you are the controller for a publicly traded : assuming that you are the controller for a publicly traded company your cfo has asked you to prepare a presentation for

Your ceo read a recent report on the importance of the sox : your ceo read a recent report on the importance of the sox act but he acknowledged that he does not know much about it.

The economy is experiencing a contraction recessionary gap : the economy is experiencing a contraction recessionary gap of 400 billion. what government spending stimulus would you

Consider the following data which applies to avataria and : consider the following data which applies to avataria and twilightia in the years 1990 and 2010. in both countries the

Buy a computer for 2500 now keep it for 8 years and then : buy a computer for 2500 now keep it for 8 years and then sell it for 800. the computer is not expected to require any

Suppose that the trade pattern of a country is that it : suppose that the trade pattern of a country is that it exports foodstuffs and imports fancy sports equipment. can you

Suppose we have a random sample of 50 people and their : suppose we have a random sample of 50 people and their weight w and height h are recorded to the nearest pound and inch

1 specific identification method boston galleries uses the : 1. specific identification method. boston galleries uses the specific identification method for inventory valuation.

User Account

All Pages