Refer to the Following Table When Answering
Table

question 38

Multiple Choice

Refer to the following table when answering
Table 4.1: Production Model's Prediction for Per Capita GDP (US = 1)
$\begin{array}{lll}&\text {Fredicted output }&\text {Observed }\\&\text {per capita, }y = \bar { k } ^ { 1 / 3 }&\text {per capita GDP } \\\hline \text { Switzerl and } & 0.966 & 1.083 \\\text { United Kingdom } & 0.828 & 0.876 \\\text { Japan } & 0.760 & 1.056 \\\text { Italy } & 0.686 & 0.975 \\\text { Spain } & 0.661 & 0.944 \\\text { Brazil } & 0.201 & 0.559 \\\text { South Africa } & 0.182 & 0.546 \\\text { China } & 0.172 & 0.528 \\\text { India } & 0.084 & 0.394 \\\text { Burundi } & 0.010 & 0.180 \\\hline\end{array}$
-Consider Table 4.1, which compares the model $y = \bar { k } ^ { 1 / 3 }$ to actual statistical data on per capita GDP. You observe the model:

• A) consistently underestimates the level of per capita GDP
• B) consistently overestimates the level of per capita GDP
• C) does a really good job of estimating the level of per capita GDP
• D) clearly contains all factors that affect per capita GDP
• E) None of these answers are correct.

---

Definitions:

College Enrollment

The process of registering or entering as a member of a college or university to pursue education.

Cognitive Errors

Mistakes in reasoning, evaluating, remembering, or other cognitive processes that often lead to misconceptions or inaccurate beliefs.

Young Adults

People in the early stage of adulthood, often considered to range from late teens to early thirties, experiencing significant life transitions.

College Major

The specific area of study chosen by a college or university student, which defines the core coursework required for graduation in that discipline.