The productivity curve is a relationship between
A) real GDP per hour of labor and capital per hour of labor, with technology held constant.
B) capital per hour of labor and technological growth.
C) nominal GDP per hour of labor and capital per hour of labor, with technology held constant.
D) real GDP per unit of capital and capital per hour of labor, with technology held constant.
E) real GDP per hour of labor and capital per hour of labor whenever technological growth occurs.
Question 2
Based on the figure above, in which quarter or quarters did a recession occur?
A) between 2013, 2nd quarter to 2014, 2nd quarter
B) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure
C) in 2013, 2nd quarter
D) after 2013, 2nd quarter
E) between 2014, 1st quarter to 2014 2nd quarter
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