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) the per-worker production function becomes flatter.
C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked.
D) negative technological change has occurred in the economy.

C

Economics

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In 2011, U.S. GDP was

A) $15 trillion using the expenditure approach. B) $15 trillion using the income approach. C) $15 trillion using the expenditure approach and $14 trillion using the income approach. D) $16 trillion using the income approach and $14 trillion using the expenditure approach. E) both A and B are correct.

Economics

What gives a person a comparative advantage?

What will be an ideal response?

Economics