According to the Text, Which of the Following Statements Best

Multiple Choice

According to the text, which of the following statements best describes U.S. factor abundance in 1947?

A) Taking into account different labor productivities, the U.S. "effective" labor force was much larger than the U.S. share of world GDP.
B) Taking into account different labor productivities, the U.S. "effective" labor force was much smaller than the U.S. share of world GDP.
C) Taking into account productivities of capital in different industries, the U.S. "effective" capital stock was much smaller than the U.S. share of world GDP.
D) Corrected data indicate that the United States was actually was a labor-abundant and capital-poor country in 1947.