Gamma has $30,000 of capital per worker, while Omega has $7,500 of capital per worker. In all other respects, the two countries are the same. According to the principle of diminishing returns to capital, an additional unit of capital will increase output in Gamma compared to Omega, holding other factors constant. Multiple Choice O more less 0 0 not at all 0 by the same amount Real GDP per person in Canada was $7,377 in 1950. Over the next 48 years it grew at a compound annual rate of 2.0 percent. If instead real GDP per person had grown at an average compound annual rate 2.5 percent, then real GDP per capita in Canada in 1998 would have been approximately larger. Multiple Choice O $1,770 O $5,049 O $9,370 O $24,130Suppose that average labor productivity in Country C is $6,000, and that Countries C and A have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country A? Share of Population Population Country (millions) Employed (%) Multiple Choice 0 $1,800 0 $2,400 0 $5,000 Assume that the share of population employed in all countries is 50 percent. Based on the information in the table, which country has the highest real GDP per capita? Population Average Labor Country millions) Productivity ($) A 125 32 , 000 B 25 28, 000 C 125 20 , 000 D 225 69 , 000 E 25 53 , 000 Multiple Choice Country B O Country C O Country E Country DLao and Lamar fill egg cartons with eggs. Lao just started the job and can fill only 20 cartons an hour. Lamar has significant on-the-job experience and can fill 40 cartons an hour. Both Lao and Lamar work 40 hours a week. Lao's average weekly productivity is _ cartons; Lamar's average weekly productivity is cartons; and as a team their average weekly productivity is cartons. Multiple Choice O 20; 40; 60 O 20; 40; 30 O 800; 2,000; 1,600 O 800; 1,600; 1,200