Capital per person k is higher in Japan than in the United States.As a result ________.

Question

Quizplus · Accepted Answer

Higher capital per person (k) in Japan compared to the United States does not necessarily mean that per capita income is higher, total factor productivity is higher, or the marginal product of capital is higher in Japan. These outcomes depend on various factors including technology, labor productivity, and the overall economic environment, not just the amount of capital per person.

Capital Per Person K Is Higher in Japan Than in the United