According to the production model with 𝑦 𝑖 = 𝐴 𝑖 𝑘 ¯ 𝑖 𝛼 , ______. Select all correct answers.Multiple choice
A
countries with more capital per person generate higher incomes, all else equal.
B
incomes per capita are proportional to capital-labor ratios (e.g., countries with twice as much capital per person produce twice the amount of output per person).
C
the exponent 𝛼 is equal to the labor income share of the economy.
D
predicts that some countries have higher incomes per capita than the United States.
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