Suppose the total factor productivity in Switzerland,Italy,South Africa,and India are 0.72,0.69,0.44,and 0.23,respectively.If the U.S.total factor productivity is 1.00,then the United States is __________ productive,respectively,than these four countries.
A)equally as
B)28 percent,31 percent,56 percent,and 73 percent less
C)28 percent,31 percent,56 percent,and 73 percent more
D)72 percent,69 percent,44 percent,and 23 percent more
E)72 percent,69 percent,44 percent,and 23 percent less

Question

Quizplus · Accepted Answer

The U.S. total factor productivity is 1.00, which is higher than Switzerland (0.72), Italy (0.69), South Africa (0.44), and India (0.23). The U.S. is 28% more productive than Switzerland (1.00 - 0.72 = 0.28), 31% more than Italy (1.00 - 0.69 = 0.31), 56% more than South Africa (1.00 - 0.44 = 0.56), and 77% more than India (1.00 - 0.23 = 0.77).

Suppose the Total Factor Productivity in Switzerland,Italy,South Africa,and India Are