Examlex

Solved

Figure 11-2 -Refer to Figure 11-2.Assuming No Technological Change,if the United States

question 184

Multiple Choice

Figure 11-2 Figure 11-2   -Refer to Figure 11-2.Assuming no technological change,if the United States increases capital per hour worked by $40,000 every year between 2012 and 2016,we would expect to see A) real GDP per hour worked will increase by the same increment each year between 2012 and 2016. B) real GDP per hour worked will be lower in 2016 than it was in 2012. C) the per-worker production function will get flatter over time. D) the per-worker production function will shift up every year there is increase in capital per hour worked.
-Refer to Figure 11-2.Assuming no technological change,if the United States increases capital per hour worked by $40,000 every year between 2012 and 2016,we would expect to see


Definitions:

Discrimination Coefficient

A measure used in economics to quantify the degree to which agents differentiate between similar goods based on non-price factors.

Hispanic Workers

Refers to individuals of Hispanic or Latino descent participating in the workforce.

Wage Rate

This refers to the amount of money paid for a specific quantity of labor, often expressed on an hourly, daily, or piecework basis.

Temporary Assistance for Needy Families

A federal assistance program in the United States designed to help needy families achieve self-sufficiency through financial aid and support services.

Related Questions