As an economist working at the International Monetary Fund, you are given the following data for Italy: observed per capita GDP, relative to the United States, is 0.69; predicted per capita GDP, given by , is 0.98. What is total factor productivity?

Question

As an economist working at the International Monetary Fund, you are given the following data for Italy: observed per capita GDP, relative to the United States, is 0.69; predicted per capita GDP, given by  , is 0.98. What is total factor productivity?

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The Answer of As an economist working at the International Monetary Fund, you are given the following data for Italy: observed per capita GDP, relative to the United States, is 0.69; predicted per capita GDP, given by  , is 0.98. What is total factor productivity?

As an Economist Working at the International Monetary Fund, You