ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose that world average levels of
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- Capital per person in France is about 81 percent of the U.S. level and per capita income is about 79 percent of the U.S. level. Given that per capita income y = Ak0.3, calculate the level of total factor productivity (A), relative to the U.S. level, that would be needed for France to match the U.S. level of per capita income. Round your answer to 2 decimal places.arrow_forwardCalculate the following using the Rule of 70: 3) How many years will Vietnam grow with a GDP of $260 billion dollars at a growth rate of 7%? 4) How many years will India grow with a GDP of $3 trillion dollars at a growth rate of 3%? 5) How many years will the U.S. grow with a GDP of $19 trillion dollars at a growth rate of 1.9%?arrow_forwardIn Lima one worker can produce either 19 bushels of corn of 6 pounds of tomatoes in one day. In Puma one worker can produce either 56 bushels of corn or 9 pounds of tomatoes in one day. The country that specializes in tomato production is willing to sell one pound of tomatoes for at least how many bushels of corn? Round to two decimal places.arrow_forward
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