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Question 110

Multiple Choice

Use the following to answer questions :
Scenario: The Aggregate Production Function
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.
-(Scenario: The Aggregate Production Function) Look at the scenario The Aggregate Production Function. If real GDP per worker equals $3,200, physical capital per worker equals:


A) $81.
B) $64.
C) $49.
D) $100.

Correct Answer:

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