6) Capital per person k = K/L in China is a about 50% larger than capital per person in the U.S. b....

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6) Capital per person k = K/L in China is a about 50% larger than capital per person in the U.S. b. about 50% smaller than capital per person in the U.S. c. about 25% larger than capital per person in the U.S. d. about 25% smaller than capital per person in the U.S. e. about the same as capital per person in the U.S. 7) Capital per person k = K/L in Argentina is c)about 50% larger than capital per person in the U.S. . about 50% smaller than capital per person in the U.S. c. about 25% larger than capital per person in the U.S: d. about 25% smaller than capital per person in the U.S. e. about the same as capital per person in the U.S. /
8) Which of the statements below is correct?
The average worker in China produces with about 33% of the capital of the average worker in Argentina. b. The average worker in China produces with about 50% of the capital of the average worker in Argentina. c. The average worker in China produces with about 60% of the capital of the average worker in Argentina. d. The average worker in China produces with about 80% of the capital of the average worker in Argentina. e. The average worker in China produces with about 900/0 of the capital of the average worker one' in Argentina.
For the following questions, consider the information given below: suppose an economy has the following production model

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Robert · Accepted Answer

The production function for each country is given as  
Y=AK
1/2
L
1/2 
Re writing the equation in terms of output per capita and capital per capita terms. 
y=Ak
1/2 
In the first part we calculate capital per capita in china compared to capital per capita US. All the 
variables with aestrix represent china. 
Dividing the production function of both the countries, we get 
China/US;

6) Capital per person k = K/L in China is a about 50% larger than capital per person in the U.S. b. about 50% smaller than capital per person in the U.S. c. about 25% larger than capital per person in...

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