ECON 471
Pennsylvania State University - Du Bois
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Econ 471 Homework 4 With Answers
- Exam (elaborations) • 3 pages • 2022
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Problem Set #4 – Answer Key 
1. The following table provides data on output per worker, physical capital per worker, and 
human capital per worker, all relative to the U.S. Suppose the production function is. 
A) For each country, calculate factor accumulation and productivity relative to the U.S. 
y k h A = 
Country Output per 
Worker 
Physical Capital 
per Worker 
Human Capital 
per Worker Factor Accumulation Productivity 
Canada 0.76 1.21 0.81 (1.21)1/2(0.81)1/2 = 0.99 0.76/0.99 = 0.77 
Mex...
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