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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 share of the growth rate of real GDP per capita was attributable to increasing physical capital per worker?


Definitions:

Motor Cortex

The area of the cerebral cortex that is responsible for planning, controlling, and executing voluntary movements.

Phantom Limb

The sensation that an amputated or missing limb is still attached to the body and is moving appropriately with other body parts, often accompanied by pain or discomfort.

Association Areas

Regions of the brain that integrate information from various sensory inputs and are involved in complex processes like thought, memory, and language.

Mental Functions

Essential cognitive processes that include reasoning, memory, attention, and language necessary for everyday functioning.

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