The Per Person Production Function Representing Both Physical Capital Per

question 18

Multiple Choice

The per person production function representing both physical capital per person (K/N) and human capital per person (H/N) is

• A)Y/N = (K/N)b(H/N)c.
• B)Y/N = (K/N)b + (H/N)c.
• C)Y/N = (K/N)b - (H/N)c.
• D)Y/N = (K/N)b/(H/N)c.

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Definitions:

Chi-Square Test

A statistical method used to assess the differences between categorical variables in a contingency table.

Distribution

Describes the way values of a variable or data points are spread or dispersed across a range.

Degree Of Freedom

The number of independent pieces of information available to estimate another piece of information, often in statistical analysis.

Chi-Square Test

A statistical test used to determine if there is a significant association between two categorical variables.