68)Refer to Figure 11-2.Based on the per-worker production function above, if the economy raisescapital per hour worked from $35,000 to $40,000, by how much will real GDP per hour workedincrease?
A) $150B) $1,850C) $2,000D) $5,000Answer: A68)Page Ref: 741-742/359-360Learning Outcome: Macro-4: Explain the sources of productivity growth.
69)Refer to Figure 11-2.Assuming no technological change, if the United States increases capital perhour worked by $40,000 every year between 2012 and 2016, we would expect to see
2016.69)Page Ref: 741-742/359-360Learning Outcome: Macro-4: Explain the sources of productivity growth.
70) According to new growth theory,
70)Page Ref: 742/360Learning Outcome: Macro-
17: Discuss the fundamentals of key macroeconomic theories.