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Scenario: Technological Progress and Productivity Growth in Techland
In Techland, from 1980 to 2010, holding technology and human capital fixed, increasing physical capital per worker from $25,000 to $100,000 would have led to a doubling of real GDP per worker, from $40,000 to $80,000. However, not only did physical capital per worker increase from $25,000 to $100,000, but technological progress shifted the productivity curve upward so that real GDP per worker actually increased from $40,000 to $320,000.
-(Scenario: Technological Progress and Productivity Growth in Techland) Look at the scenario Technological Progress and Productivity Growth in Techland. What was the growth rate of real GDP per capita in Techland?


Definitions:

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors via intermediate bipolar cells and transmit it to the brain.

Visual Cortex

The region of the cerebral cortex that processes visual information, located in the occipital lobe of the brain.

Feature Detectors

Cells in the visual cortex that are sensitive to specific features of the environment.

Orientation

A person's basic awareness of who, where, and when they are; can also refer to sexual orientation or the initial introduction to a new environment or situation.

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