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CountrySlim84 CountrySlim84
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A year ago
The following table compares some attributes of workers in South Korea, Spain, and the United States.

CountryIncome per workerAverage years of schoolingPercentage of U.S. physical capital stock per worker
Spain88,94410.2781.2%
South Korea67,24712.0552.6%
United States112,51713.18100%

Refer to the table above. This table helps illustrate the fact that ________.

▸ physical capital stock is the most important determinant of cross-country differences in GDP per worker

▸ technology is the most important determinant of cross-country differences in GDP per worker

▸ efficiency in production is the most important determinant of cross-country differences in GDP per worker

▸ both B and C are true
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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doublekuddoublekud
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A year ago
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