Question

In: Economics

As an economist working at the International Monetary Fund, youare given thefollowing data for...

As an economist working at the International Monetary Fund, you are given the
following data for Singapore: per capita GDP is 1.45 times that of Canada, and the
saving rate is the same as in Canada. If α=1/3, what do you conclude about TFP?
(a) Singapore’s TFP is approximately 44% larger
(b) Canada’s TFP is approximately 44% larger
(c) Singapore’s TFP is approximately 30% larger
(d) Canada’s TFP is approximately 30% larger
(e) None of the above


Solutions

Expert Solution

Answer) Option E is the right answer. On examination the absolute factor profitability of singapore is 45% more than that of Canada

A singapore= 1.45 A canada


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