Use the belоw pаrаgrаph tо answer Questiоns 19 and 20: Assume the standard production function . In 2019, the per capita GDP of Indonesia was $3,851, and the per capita capital was $1,436, both measured in constant 2015 dollars. The productivity predicted by the production function = _______.
Use the belоw pаrаgrаph tо Questiоns 17 and 18: The Eurozone nominal GDP in 2024 was 15,231 billion euros (€), while U.S. GDP was $29,298 billion. The exchange rate in 2024 was 0.9 euros per dollar. Eurozone turns out to have lower prices than the United States: the price level in Eurozone (converted to dollars) divided by the price level in the United States was 0.85 in 2024. The ratio of Eurozone GDP to U.S. GDP was _______ if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion.