We measure standards of living using GDP per capita. Using the production function, which of the following factors does NOT help to explain differences in GDP per capita between countries: a) human capital per worker b) productivity c) inflation rates d) physical capital per worker
We measure standards of living using GDP per capita. Using the production function, which of the following factors does NOT help to explain differences in GDP per capita between countries: a) human capital per worker b) productivity c) inflation rates d) physical capital per worker
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
Problem 1SQ
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We measure standards of living using GDP per capita. Using the production function, which of the following factors does NOT help to explain differences in GDP per capita between countries:
a) human capital per worker
b) productivity
c) inflation rates
d) physical capital per worker
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