If the Per-Worker Production Function Shifts Up

question 261

Multiple Choice

If the per-worker production function shifts up

• 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 flatter.
• D)negative technological change has occurred in the economy.

---

Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Pine

A type of evergreen tree with needle-like leaves, known for its wood and resin.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law in sales and other commercial transactions across states.

Assignment

The conveyance of entitlements, properties, or liabilities from one party to a different one.