As an economist working at the International Monetary Fund, you are given the following data for Japan: observed per capita GDP, relative to the United States, is 0.760; predicted per capita GDP, given by $y = k ^ { 1 / 3 }$ , is 1.06. What is total factor productivity?
A) 0.75
B) 1.05
C) 1.39
D) 0.81
E) 0.72

Question

Quizplus · Accepted Answer

The Answer of As an economist working at the International Monetary Fund, you are given the following data for Japan: observed per capita GDP, relative to the United States, is 0.760; predicted per capita GDP, given by $y = k ^ { 1 / 3 }$ , is 1.06. What is total factor productivity?
A) 0.75
B) 1.05
C) 1.39
D) 0.81
E) 0.72

As an Economist Working at the International Monetary Fund, You y=k1/3y = k ^ { 1 / 3 }y=k1/3

As an Economist Working at the International Monetary Fund, You $y = k ^ { 1 / 3 }$