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tls043 tls043
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A year ago
Two countries, Baltonia and Polonia, have aggregate production functions in the form Y = A × K1/3 × H2/3, where Y denotes total output, A denotes the level of technology, K denotes the physical capital stock, and H denotes the number of efficiency units of production. Both countries have the same number of efficiency units of labor and use the same technology. However, Baltonia has a smaller physical capital stock than Polonia does. Which of the following is likely to be TRUE in this case?

▸ The poverty rate in Baltonia is lower than that in Polonia.

▸ The GDP of Baltonia is higher than that of Polonia.

▸ The GDP of Baltonia is lower than that of Polonia.

▸ The Human Development Index of Baltonia is higher than that of Polonia.
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Macroeconomics

Macroeconomics


Edition: 3rd
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billbyebillbye
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tls043 Author
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A year ago
Brilliant ツ
brina10
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Yesterday
Thank you, thank you, thank you!
oscar520000
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2 hours ago
Good timing, thanks!
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