If You Have Data on Per Capita GDP and Capital

question 36

True/False

If you have data on per capita GDP and capital per worker,to find total factor productivity you can use the equation
1/3,if capital's share of GDP is twothirds.

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Definitions:

Fixed Cost Estimates

These are projections of costs that do not change in total with changes in business activity level, such as rent or salaries.

Planning Budget

A financial plan that estimates income and expenditure for a future period.

Cost Drivers

Factors that cause the cost of an activity to increase or decrease, influencing the total cost.

Planning Budget

A budget prepared for a specific level of activity that may be adjusted for various activity levels.