Using the information in situation 20-2, if government spending increases by $100, then the equilibrium aggregate output will change by

Countercyclical policy:

What will be an ideal response?

Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per capita is

A) $4,930.85. B) $6,212.33. C) $7,765.41. D) $9,033.96.