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. if real gdp per worker equals $3,200, physical capital per worker equals:

64.

Explanation:

We identify in the original equation what data we have and what we lack:

The problem statement gives us Y / L, which is the real GDP per worker = 3200, so we would lack K / L, which is the physical capital per worker, precisely, the data requested by the exercise. Therefore:

To find K / L we make a simple clearance:

The physical capital equals 64.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police