In a Small European Country,it Is Estimated That a $10,000

question 235

Multiple Choice

In a small European country,it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $300.Based on this information,what is the slope of the per-worker production function in this range?

• A)0.03
• B)3.3
• C)33.3
• D)333

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Definitions:

Predetermined Benchmark

A pre-established standard or point of reference against which performance is measured.

Investment Profits

The earnings gained from the allocation of resources, such as money, into a financial asset with the expectation of a favorable return.

Management Compensation

The payment or remuneration given to executives and managers within a company, including salaries, bonuses, and other performance-related benefits.

Stated Benchmark

A specific standard or point of reference against which the performance of a security, mutual fund, or investment manager can be measured.