-One explanation for the difference between the predicted output per person and the observed per capita GDP in Table 4.1 is:
A)differences in the labor supply.
B)differences in human capital.
C)differences in per capita capital.
D)differences in capital's share of GDP.
E)none of the above

Question

-One explanation for the difference between the predicted output per person and the observed per capita GDP in Table 4.1 is:
A)differences in the labor supply. 
B)differences in human capital. 
C)differences in per capita capital. 
D)differences in capital's share of GDP. 
E)none of the above

Quizplus · Accepted Answer

Differences in human capital can significantly impact per capita GDP, as it affects the productivity and efficiency of the workforce, leading to variations between predicted and observed economic outputs.

-One Explanation for the Difference Between the Predicted Output Per