The following table provides data on output per worker, physical and human capital per worker, all...

  

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The following table provides data on output per worker, physical and human capital per worker, all relative to the US. a. For each of three countries listed, calculate factor accumulation and productivity relative to US. b. In which country does factor accumulation plays the largest role in explaining income relative to US? In which country does the productivity play the largest role? Clearly state assumptions you have made as well as explaining the formulation(s) you have applied in carrying out your calculations. Country Sweden Mauritius Jordan Output per Worker 0.77 0.52 0.19 Physical Capital per Human Capital per Worker Worker 0.82 0.33 0.14 Keep your answers very brief; world limit: 500. 0.94 0.72 0.87 The following table provides data on output per worker, physical and human capital per worker, all relative to the US. a. For each of three countries listed, calculate factor accumulation and productivity relative to US. b. In which country does factor accumulation plays the largest role in explaining income relative to US? In which country does the productivity play the largest role? Clearly state assumptions you have made as well as explaining the formulation(s) you have applied in carrying out your calculations. Country Sweden Mauritius Jordan Output per Worker 0.77 0.52 0.19 Physical Capital per Human Capital per Worker Worker 0.82 0.33 0.14 Keep your answers very brief; world limit: 500. 0.94 0.72 0.87

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