Multiple Choice
Which of the following is true about per capita income?
A) it is an approximate measure of how rich or poor a country is
B) it is the same as income per worker only if everyone in the economy is assumed to work
C) it is the product of TFP and capital per worker only if everyone in the economy is assumed to work
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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