Author Question: Refer to Figure 11-2. Assuming no technological change, if the United States increases ... (Read 54 times)

penza · **on:** Mar 16, 2019

Question 1

Figure 11-2

Refer to Figure 11-2. Based on the per-worker production function above, if the economy raises capital per hour worked from $35,000 to $40,000, by how much will real GDP per hour worked increase?

◦ $150
◦ $1,850
◦ $2,000
◦ $5,000

Question 2

Figure 11-2

Refer to Figure 11-2. Assuming no technological change, if the United States increases capital per hour worked by $40,000 every year between 2012 and 2016, we would expect to see

◦ real GDP per hour worked will increase by the same increment each year between 2012 and 2016.
◦ real GDP per hour worked will be lower in 2016 than it was in 2012.
◦ the per-worker production function will get flatter over time.
◦ the per-worker production function will shift up every year there is increase in capital per hour worked.

nmyers · **Reply #1 on:** Mar 16, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 63% of students answer this correctly