Use the Following to Answer Questions

question 50

Multiple Choice

Use the following to answer questions :
Scenario: The Aggregate Production Function
Holding the human capital per worker and technology unchanged, the estimated aggregate production function in Jamaica is Y / L = 50 × K / L, where Y = real output, L = number of workers, and K = quantity of physical capital.
-(Scenario: The Aggregate Production Function) Look at the scenario The Aggregate Production Function. If real GDP per worker equals $3,200, physical capital per worker equals:

• A)$81.
• B)$64.
• C)$49.
• D)$100.

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Definitions:

Normal Distribution

A bell-shaped frequency distribution curve that is symmetrical about the mean, representing the distribution of many types of data.

Sample Proportion

The proportion or percentage of the sample that embodies a specific characteristic or feature.

Population Proportion

The ratio or percentage of a particular group within a larger population that shares a characteristic.

Continuity Correction Factor

An adjustment made to a discrete probability distribution when approximating it by a continuous distribution.