Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
psintusaichol psintusaichol
wrote...
Go to Answer
Posts: 128
Rep: 0 0
A year ago
Scenario: Tree Country has a population of 18,000 people, of whom two-thirds are part of the workforce. The country's only asset is wood, where K = 18,000. The country only produces wooden furniture. In the figure below, Y stands for GDP, and H equals efficiency units of labor.




Refer to the scenario above. If the country's population increases, new technology in the production of furniture will ________.

▸ cause the country's GDP per capita to grow at a higher rate

▸ counteract decreases in GDP per capita

▸ cause the country's GDP to grow at a higher rate

▸ decrease GDP
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
owenutonowenuton
wrote...
#1
Posts: 128
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

psintusaichol Author
wrote...

A year ago
Brilliant ツ
bkrandy
wrote...

Yesterday
This site is awesome
gage
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1689 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2013
  
 63
  
 311
Your Opinion
Do you believe in global warming?
Votes: 488
Previous poll results: Who will win the 2024 president election?