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question 163

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Figure 7.2 Figure 7.2   Alt text for Figure 7.2: In figure 7.2, a graph comparing capital per hour worked and real GDP per hour worked. Long description for Figure 7.2: The x-axis is labelled, capital per hour worked.The y-axis is labelled, real GDP per hour worked, Y/L.A concave curve originates from 0 at the vertex and passes through 2 points ($35,000, 1,850) and (40,000, $2000) , toward the end of the x-axis.These 2 points are connected to their respective coordinates on the x-axis and y-axis with dotted lines. -Refer to Figure 7.2.Based on the per-worker production function above, if the Canadian economy raises capital per hour worked from $35,000 to $40,000, by how much will real GDP per hour worked increase? A) $150 B) $1,850 C) $2,000 D) $5,000 E) $35,000 Alt text for Figure 7.2: In figure 7.2, a graph comparing capital per hour worked and real GDP per hour worked.
Long description for Figure 7.2: The x-axis is labelled, capital per hour worked.The y-axis is labelled, real GDP per hour worked, Y/L.A concave curve originates from 0 at the vertex and passes through 2 points ($35,000, 1,850) and (40,000, $2000) , toward the end of the x-axis.These 2 points are connected to their respective coordinates on the x-axis and y-axis with dotted lines.
-Refer to Figure 7.2.Based on the per-worker production function above, if the Canadian economy raises capital per hour worked from $35,000 to $40,000, by how much will real GDP per hour worked increase?


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