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 $)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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