1) Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per worker is B$12,428.93. A) $9,861.69. C) $15,530.82. D) $18,067.92.

1) Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per worker is B$12,428.93. A) $9,861.69. C) $15,530.82. D) $18,067.92.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50%
of the population works, and there are 50 million workers. Real GDP per worker is
A) $9,861.69.
B)$12,428.93.
C) $15,530.82.
D) $18,067.92.

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