Refer to the Following Table When Answering the Following Questions

question 45

Multiple Choice

Refer to the following table when answering the following questions.
Table 4.1: Production Model's Prediction for Per Capita GDP (US = 1) (Source: Penn World Tables 9.0)
-Considering the data in Table 4.1, the explanation for the difference between the predicted and actual level of output is called ________. If you compare South Africa's observed and predicted output, this difference is equal to ________.

• A) total factor productivity; 0.37
• B) the Solow residual; 2.71
• C) Dirac's delta; 0.14
• D) capital's share of GDP; one-third
• E) labor's share of GDP; two-thirds

---

Definitions:

Ethics

The branch of philosophy that deals with moral principles, governing a person's behavior or conducting an activity.

Motivation

The psychological factors that drive a person to action or to pursue goals.

Aristotelian Approach

A philosophical methodology based on the teachings of Aristotle, focusing on the concrete and particular, emphasizing purpose, and considering the ethical implications of actions.

Inherent Human Nature

Fundamental characteristics and instincts common to all humans.