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Suppose India has a per capita GDP that is .074 times the United States GDP. It has a capital-per-person ratio that is .035 times that of the United States. Compared to the United States, the implied value of total factor productivity for India is approximately a. .30. b. .07. c. .12.d. .23.
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Suppose India has a per capita GDP that is .074 times the United States GDP. It has a capital-per-pe...
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