Question: Suppose for the U . S . that GDP is $ 2 0 trillion, the capital stock is $ 4 0 trillion, employment is 1
Suppose for the US that GDP is $ trillion, the capital stock is $ trillion, employment is million, hours worked are billion, and the population is million. Suppose further that Chinas PPP dollar GDP is $ trillion, its capital stock is $ trillion, employment is million, hours worked are trillion, and the population is billion. Assume the production function takes the cobb douglas form. What is the ratio of US to Chinese labor productivity?
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