Here are some more facts: Participation Capital per (L/Pop) GDP per capita (Y/Pop) 4,148 26,370 59,245 2,554 21,249 48,896 Region Year Worker (K/L) 34,702 147,888 664,158 15,303 110,227 370,325 2,786 8,183 Hong Kong 1960 37% 1990 48% 2019 52% Taiwan 1960 32% 1990 43% 2019 49% China 1960 996 45% 2,478 13,988 1990 56% 2019 56% 12,7120 Y/Pop is per capita GDP measured in 2017 US dollars PPP-adjusted. Participation is the fraction of the population in the labor force, and K/L is capital per worker measured in 2017 US dollars PPP-adjusted. Data are from the Penn World Tables 10.
Here are some more facts: Participation Capital per (L/Pop) GDP per capita (Y/Pop) 4,148 26,370 59,245 2,554 21,249 48,896 Region Year Worker (K/L) 34,702 147,888 664,158 15,303 110,227 370,325 2,786 8,183 Hong Kong 1960 37% 1990 48% 2019 52% Taiwan 1960 32% 1990 43% 2019 49% China 1960 996 45% 2,478 13,988 1990 56% 2019 56% 12,7120 Y/Pop is per capita GDP measured in 2017 US dollars PPP-adjusted. Participation is the fraction of the population in the labor force, and K/L is capital per worker measured in 2017 US dollars PPP-adjusted. Data are from the Penn World Tables 10.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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