Solved

Refer to the Following Table When Answering the Following Questions

Question 45

Multiple Choice

Refer to the following table when answering the following questions.
Table 4.1: Production Model's Prediction for Per Capita GDP (US = 1) Refer to the following table when answering the following questions. Table 4.1: Production Model's Prediction for Per Capita GDP (US = 1)    (Source: Penn World Tables 9.0)  -Considering the data in Table 4.1, the explanation for the difference between the predicted and actual level of output is called ________. If you compare South Africa's observed and predicted output, this difference is equal to ________. A)  total factor productivity; 0.37 B)  the Solow residual; 2.71 C)  Dirac's delta; 0.14 D)  capital's share of GDP; one-third E)  labor's share of GDP; two-thirds (Source: Penn World Tables 9.0)
-Considering the data in Table 4.1, the explanation for the difference between the predicted and actual level of output is called ________. If you compare South Africa's observed and predicted output, this difference is equal to ________.


A) total factor productivity; 0.37
B) the Solow residual; 2.71
C) Dirac's delta; 0.14
D) capital's share of GDP; one-third
E) labor's share of GDP; two-thirds

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions