Use the Following to Answer Questions

question 56

Multiple Choice

Use the following to answer questions:
Scenario: Capital
An economy initially has 200 units of physical capital per worker. Each year it increases the amount of physical capital by 10%. According to the aggregate production function for this economy, each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%.
-(Scenario: Capital) Look at the scenario Capital. In three years' time, what is the level of physical capital per worker in this economy?

• A)220 units
• B)242 units
• C)266.2 units
• D)200 units

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Definitions:

Job Description

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