The 'per-worker production function' shows the relationship between ________ per hour worked and ________ per hour worked, holding ________ constant.
A)labour; real GDP; technology
B)capital; real GDP; technology
C)labour; capital; real GDP
D)capital; labour; real GDP

Question

Quizplus · Accepted Answer

The 'per-worker production function' illustrates the relationship between capital per hour worked and real GDP per hour worked, while keeping technology constant. This function is used to analyze how changes in capital affect productivity, assuming technology does not change.

The 'Per-Worker Production Function' Shows the Relationship Between ________ Per