Consider the following diagram, which includes a concave line of best fit: 40,000- •US 35,000- •Belgium Switzerland 30,000- •UK 25,000- Japan 20,000 •Taiwan 15,000 - 10,000- •Ecuador 5,000 - slndia...


Consider the following diagram, which includes a concave line of best fit:<br>40,000-<br>•US<br>35,000-<br>•Belgium<br>Switzerland<br>30,000-<br>•UK<br>25,000-<br>Japan<br>20,000<br>•Taiwan<br>15,000 -<br>10,000-<br>•Ecuador<br>5,000 -<br>slndia<br>10,000<br>20,000<br>30,000<br>40,000<br>50,000<br>60,000<br>70,000<br>80,000<br>Which of the following statements is correct?<br>Select one:<br>O a.<br>The line of best fit suggests that if capital intensity doubles, output per person doubles.<br>O b. The line of best fit implies that there are diminishing returns to scale.<br>O c.<br>The line of best fit suggests that the USA may have a higher value of

Extracted text: Consider the following diagram, which includes a concave line of best fit: 40,000- •US 35,000- •Belgium Switzerland 30,000- •UK 25,000- Japan 20,000 •Taiwan 15,000 - 10,000- •Ecuador 5,000 - slndia 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Which of the following statements is correct? Select one: O a. The line of best fit suggests that if capital intensity doubles, output per person doubles. O b. The line of best fit implies that there are diminishing returns to scale. O c. The line of best fit suggests that the USA may have a higher value of "z" than Japan. O d. Workers in Japan were more productive than in the UK because they had higher capital per worker. GDP per worker (1985 PPP S)

Jun 07, 2022
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