Multiple Choice
Suppose the total factor productivity in Switzerland, Italy, South Africa, and India is 0.89, 0.70, 0.33, and 0.21, respectively. If the U.S. total factor productivity is 1.00, then the United States is ________ productive, respectively, than these four countries.
A) equally as
B) 89 percentage points, 70 percentage points, 33 percentage points, and 21 percentage points less
C) 11 percentage points, 30 percentage points, 67 percentage points, and 79 percentage points more
D) 89 percentage points, 70 percentage points, 33 percentage points, and 21 percentage points more
E) 11 percentage points, 30 percentage points, 67 percentage points, and 79 percentage points less
Correct Answer:
Verified
Correct Answer:
Verified
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