The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and thetrajectories since 1760 for a few representative countries (the paths). Based on this information, which of thefollowing statements is correct?40,000US (1800-1990)35,000-Switzerland30,000 -(1990)UK (1760-1990)195325,000 -Japan (1870-1990)1973....A20,000 -Taiwan (1901-1990).15,000 -191010,000 -19105,000 -.1760 1800ʻIndia (1860-1990)0-10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000Capital per worker (1985 PPP $)Select one:а.There is no clear evidence of technological progress in GDP per worker in the US.b. Taiwan was more capital intensive than the UK in 1990.O c.The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown.d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount ofcapital per worker.GDP per worker (1985 PPP $)

The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and the trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the following statements is correct? 40,000 ¬ US (1800-1990) 35,000 - Switzerland 30,000어 (1990) UK (1760-1990) 1953 25,000 - Japan (1870-1990) 1973.... 20,000 - 15,000 11910 Taiwan (1901-1990). 10,000 – 1910 5,000- 1760 India (1860-1990) 10,000 20,000 30,000 40,00 50,000 60,000 70,000 80,000 Capital per worker (1985 PPP $) Select one: O a. There is no clear evidence of technological progress in GDP per worker in the US. O b. Taiwan was more capital intensive than the UK in 1990. O c. The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown. O d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount of capital per worker. GDP per worker (1985 PPP $)

The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and the trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the following statements is correct? 40,000 ¬ US (1800-1990) 35,000 - Switzerland 30,000어 (1990) UK (1760-1990) 1953 25,000 - Japan (1870-1990) 1973.... 20,000 - 15,000 11910 Taiwan (1901-1990). 10,000 – 1910 5,000- 1760 India (1860-1990) 10,000 20,000 30,000 40,00 50,000 60,000 70,000 80,000 Capital per worker (1985 PPP $) Select one: O a. There is no clear evidence of technological progress in GDP per worker in the US. O b. Taiwan was more capital intensive than the UK in 1990. O c. The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown. O d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount of capital per worker. GDP per worker (1985 PPP $)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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