Unformatted text preview: b) Calculate the following for each year (except 2002): (1) Population growth rate (from previous year) (2) Growth rate of output (from previous year) (3) Growth rate of per capita output(from previous year) 5. Show what would happen to the production function if the capital stock decreased. Suppose,too, that the decrease in the capital stock—because it made workers less productive to firms—shifted the labor demand curve leftward. Graphically illustrate the full impact of a decrease in the nation’s capital stock under this assumption. What government policies could cause a decrease in the capital stock?...
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This note was uploaded on 02/18/2012 for the course BUSE 237 taught by Professor Sf during the Spring '12 term at Simon Fraser.
- Spring '12