Capital per person in India is about six percent and per capita income is about eight percent of the U.S.level.Given that per capita income y = A ,calculate the level of total factor productivity (A),relative to the U.S.level,that would be needed for India to match the U.S.level of per capita income.( = 0.43)

Question

Capital per person in India is about six percent and per capita income is about eight percent of the U.S.level.Given that per capita income y = A  ,calculate the level of total factor productivity (A),relative to the U.S.level,that would be needed for India to match the U.S.level of per capita income.( = 0.43)

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The Answer of Capital per person in India is about six percent and per capita income is about eight percent of the U.S.level.Given that per capita income y = A  ,calculate the level of total factor productivity (A),relative to the U.S.level,that would be needed for India to match the U.S.level of per capita income.( = 0.43)

Capital Per Person in India Is About Six Percent and Per