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

Question 74

Multiple Choice

As an economist working at the International Monetary Fund, you are given the following data for Italy: observed per capita GDP, relative to the United States, is 0.69; predicted per capita GDP, given by y=k1/3y = k ^ { 1 / 3 } , is 0.98. What is total factor productivity?


A) 0.75
B) 0.68
C) 0.99
D) 0.81
E) 0.70

Correct Answer:

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