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Capital Per Person in India Is About Six Percent and Per

Question 38

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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 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) ,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.( 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) = 0.43)

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1 = A × 0....

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