Productivity varies across countries because of differences in (Check all that apply) O A. physical capital. B. technology I C. income. D. human capital. DE. GDP Human capital is Physical capital is any good, including machines and buildings used for producuon Technology is each person's stock of skills to produce output or economic value the ability to use labor and capital more efficiently

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Productivity varies across countries because of differences in
(Check all that apply)
A. physical capital.
OB. technology.
O C. income
D. human capital.
O E. GDP.
Human capital is
Physical capital is
any good, including machines and buildings used for production
Technology is
each person's stock of skills to produce output or economic value
the ability to use labor and capital more efficiently
Transcribed Image Text:Productivity varies across countries because of differences in (Check all that apply) A. physical capital. OB. technology. O C. income D. human capital. O E. GDP. Human capital is Physical capital is any good, including machines and buildings used for production Technology is each person's stock of skills to produce output or economic value the ability to use labor and capital more efficiently
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