Suppose the Economy Gains More Capital Per Hour Worked and Experiences
Suppose the economy gains more capital per hour worked and experiences technological change.This is shown in Figure 13.1 by the movement from
A) E to B to D.
B) A to B to C.
C) A to E.
D) A to D.
In Figure 13.1,more capital per hour worked is shown by the movement from
A) B to D.
B) A to B.
C) B to E.
D) B to A.
Which of the following is true about technological change?
A) It will shift down the per-worker production function.
B) It will shift up the per-worker production function.
C) It will move the economy to a point beneath the per-worker production function.
D) It will move the economy along a given per-worker production function.
If the per-worker production function shifts up,
A) it now takes more capital per hour worked to get the same amount of real GDP per hour worked.
B) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked.
C) the per-worker production function becomes flatter.
D) negative technological change has occurred in the economy.