12. A typical family in the United States in 1900 had a purchasing power equal to the real U.S. GDP per capita in 2015. a. I b. 12 c. 70 d. 136 % of 13. Education's effect on productivity: a. is believed to be less important than the amount of physical capital a worker has available. b. is even more important than increases in physical capital. c. has fallen in the past century in the United States. d. depends on the wealth of the country.

12. A typical family in the United States in 1900 had a purchasing power equal to the real U.S. GDP per capita in 2015. a. I b. 12 c. 70 d. 136 % of 13. Education's effect on productivity: a. is believed to be less important than the amount of physical capital a worker has available. b. is even more important than increases in physical capital. c. has fallen in the past century in the United States. d. depends on the wealth of the country.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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