As an economist working at the International Monetary Fund, you are given the following data for Burundi: predicted per capita GDP, relative to the United States, as given by $y = k ^ { 1 / 3 }$ , is 0.10, and total factor productivity is 0.083. What is the observed per capita GDP, relative to the United States?
A) 0.008
B) 0.016
C) 0.87
D) 0.44
E) 0.62

Question

Quizplus · Accepted Answer

The Answer of As an economist working at the International Monetary Fund, you are given the following data for Burundi: predicted per capita GDP, relative to the United States, as given by $y = k ^ { 1 / 3 }$ , is 0.10, and total factor productivity is 0.083. What is the observed per capita GDP, relative to the United States?
A) 0.008
B) 0.016
C) 0.87
D) 0.44
E) 0.62

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 $y = k ^ { 1 / 3 }$