Suppose Than an Economy Has Output Y = a

question 14

Multiple Choice

Suppose than an economy has output Y = A

,that Y equals $19 trillion,capital K is $27 trillion,and labor L is 125 million workers.Given this information,what is the closest approximation of total factor productivity A?

• A)less than 0.01
• B)around 0.25
• C)roughly 0.33
• D)close to 0.4
• E)exactly 144

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Definitions:

Social Perception

The process of interpreting information about another person.

Context

The circumstances, background, or settings that form the environment within which an event, statement, or idea is understood and interpreted.

Nonverbal Cues

Subtle gestures, expressions, and other physical actions that communicate messages without the use of words.

Selective Perception

The tendency to select information that supports our individual viewpoints while discounting information that threatens our viewpoints.