If the Per-Worker Production Function Shifts Down

question 126

Multiple Choice

If the per-worker production function shifts down,

• 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 steeper.
• D)positive technological change has occurred in the economy.

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Definitions:

Liability Section

A portion of the balance sheet that lists a company's obligations and debts, including both current and long-term liabilities.

Accounts Receivable

Accounts receivable are amounts owed to a business by customers for goods or services delivered but not yet paid for.

Asset Section

The asset section of a balance sheet details a company's owned resources with economic value anticipated to provide a future benefit.

Wages Expense

The total amount of money paid to employees for work performed, reported on the income statement.