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Author Question: Refer to Figure 11-2. Assuming no technological change, if the United States increases ... (Read 133 times)

penza

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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.


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Marked as best answer by penza on Mar 16, 2019

nmyers

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penza

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Reply 2 on: Mar 16, 2019
:D TYSM


bblaney

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Reply 3 on: Yesterday
Wow, this really help

 

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