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If You Have Data on Per Capita GDP and Capital Aˉ=y/k1/3\bar { A } = y / k ^ { 1 / 3 }

question 128

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If you have data on per capita GDP and capital per worker, to find total factor productivity you can use the equation Aˉ=y/k1/3\bar { A } = y / k ^ { 1 / 3 }
, if capital's share of GDP is two-thirds.


Definitions:

Logical Principle

A foundational concept in logic that establishes the framework for deducing truth, including laws such as identity, excluded middle, and non-contradiction.

Seriation

The ability to arrange objects in logical order, often by size, shape, or other attributes, a cognitive skill developed in childhood.

Classification

The action or process of categorizing things based on shared qualities or characteristics.

Conservation

A Piagetian concept referring to the understanding that certain properties of objects remain the same despite changes in the object's form or appearance.

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