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Title: A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result, ... Post by: 083055 on Nov 19, 2018 A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result, real GDP per worker (Y/L) grew from $20,000 to $25,000. If the economy increases its capital per hour worked by another $10,000 to $60,000, but there is no change in technology, by how much more and in what direction will output per worker change?
A) Output per worker will increase by exactly $5,000. B) Output per worker will increase by more than $5,000. C) Output per worker will increase by less than $5,000. D) Output per worker will fall by more than $5,000. Title: A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result, ... Post by: delta_1103 on Nov 19, 2018 Content hidden
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