Answer D and E please. D information is where you find the production function equation and E's
information is below the q. :)
D. (2 points) Consider the source of growth in output per capita, Y/P, between 1988 and 2003.
Use the growth accounting methodology to allocate growth in output per capita (Y/P) to TFP
growth, accumulation of capital per worker (K/N), and grwoth in d^. Which factor is most important
in accounting for growth in output per capita between 1988 and 2003? Consider the following data
for Australia in 2003 E. (2 points) What is the contribution of TFP differences in explaining
differences in output per worker, Y/N between Vietnam and Australia in 2003?Suppose output Y is
given by the production function, Y=AK(N)1 where A is the level of TFP, K is physical capital and
N is the level of employment and =0.33. Let the total population be denoted by P. We have the
following data for Vietnam,.
Answer D and E please D information is where you find the p.pdf
1. Answer D and E please. D information is where you find the production function equation and E's
information is below the q. :)
D. (2 points) Consider the source of growth in output per capita, Y/P, between 1988 and 2003.
Use the growth accounting methodology to allocate growth in output per capita (Y/P) to TFP
growth, accumulation of capital per worker (K/N), and grwoth in d^. Which factor is most important
in accounting for growth in output per capita between 1988 and 2003? Consider the following data
for Australia in 2003 E. (2 points) What is the contribution of TFP differences in explaining
differences in output per worker, Y/N between Vietnam and Australia in 2003?Suppose output Y is
given by the production function, Y=AK(N)1 where A is the level of TFP, K is physical capital and
N is the level of employment and =0.33. Let the total population be denoted by P. We have the
following data for Vietnam,
