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As an economist working at the International Monetary Fund, you are given the following data for Burundi: observed per capita GDP, relative to the United States, is 0.01, and predicted per capita GDP, given by y = K¹/3, is 0.18. What is total factor productivity? O A. 0.44 B. 0.98 O C. 0.06 O D. 0.00 O E. 18.00

As an economist working at the International Monetary Fund, you are given the following data for Burundi: observed per capita GDP, relative to the United States, is 0.01, and predicted per capita GDP, given by y = K¹/3, is 0.18. What is total factor productivity? O A. 0.44 B. 0.98 O C. 0.06 O D. 0.00 O E. 18.00

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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QUESTION 12 As an economist working at the International Monetary Fund, you are given the following data for Burundi: observed per capita GDP, relative to the United States, is 0.01, and predicted per capita GDP, given by y = k¹/3, is 0.18. What is total factor productivity? A. 0.44 B. 0.98 C. 0.06 D. 0.00 O E. 18.00
Transcribed Image Text:QUESTION 12 As an economist working at the International Monetary Fund, you are given the following data for Burundi: observed per capita GDP, relative to the United States, is 0.01, and predicted per capita GDP, given by y = k¹/3, is 0.18. What is total factor productivity? A. 0.44 B. 0.98 C. 0.06 D. 0.00 O E. 18.00
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