{"id":192057,"date":"2025-02-17T06:42:11","date_gmt":"2025-02-17T06:42:11","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=192057"},"modified":"2025-02-17T06:42:13","modified_gmt":"2025-02-17T06:42:13","slug":"the-following-table-provides-data-on-output-per-worker-physical-capital-per-worker-and-human-capital-per-worker-all-relative-to-the-united-states","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/02\/17\/the-following-table-provides-data-on-output-per-worker-physical-capital-per-worker-and-human-capital-per-worker-all-relative-to-the-united-states\/","title":{"rendered":"The following table provides data on output per worker, physical capital per worker, and human capital per worker, all relative to the United States"},"content":{"rendered":"\n

The following table provides data on output per worker, physical capital per worker, and human capital per worker, all relative to the United States. For each of the three countries listed, calculate factor accumulation and productivity relative to the United States. In which country does factor accumulation play the largest role in explaining income relative to the United States? In which country does productivity play the largest role?<\/p>\n\n\n\n

Output per
Physical Capital per
Human Capital per Worker, h
0.94
0.80
0.65
Country
Worker, y
Worker, k
0.81
Netherlands 0.87
0.097
0.094
Paraguay
0.092
0.067
Pakistan<\/p>\n\n\n\n

The Correct Answer and Explanation is :<\/strong><\/mark><\/p>\n\n\n\n

I have calculated the factor accumulation and productivity for each country relative to the United States. Here are the key findings:<\/p>\n\n\n\n