Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
tls043 tls043
wrote...
Go to Answer
Posts: 146
Rep: 0 0
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 44 times
1 Reply
Replies
Answer verified by a subject expert
billbyebillbye
wrote...
#1
Posts: 134
Rep: 2 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tls043 Author
wrote...

A year ago
Correct Slight Smile TY
AlahuKakpar
wrote...

Yesterday
Thanks for your help!!
deathDoUsPart
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1011 People Browsing
 101 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 45
  
 273
  
 83
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145
Previous poll results: Should Ph.D.'s be addressed as doctors?