Question: Using the per-worker production function graphs from Figure 13.5 and Figure 13.6, show the effect on real GDP per hour worked of an increase in
Using the per-worker production function graphs from Figure 13.5 and Figure 13.6, show the effect on real GDP per hour worked of an increase in capital per hour worked, holding technology constant. Now, again using the perworker production function graph, show the effect on real GDP per hour worked of an increase in technology, holding the quantity of capital per hour worked constant.
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