Holding the human capital per worker and technology unchanged, the estimated aggregate production function in Jamaica is Y / L = 50 * K / L, where Y = real output, L = number of workers, and K = quantity of physical capital. If K / L = $81, then real GDP per worker is:

Question

Quizplus · Accepted Answer

Given the aggregate production function Y / L = 50 * K / L and K / L = $81, substituting the value of K / L into the equation gives Y / L = 50 * 81 = $4,050.

Holding the Human Capital Per Worker and Technology Unchanged, the Estimated