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A) an increase in capital of 10% B) an increase in population C) an increase in technology D) both capital and labor increase by 10% E) capital and...
A) an increase in capital of 10% B) an increase in population C) an increase in technology D) both capital and labor increase by 10% E) capital and technology both increase by 10% 8. Assume that the production function for an economy is represented by the following: Y = NA. C) technological progress depends on human capital D) capital per worker already is less than the golden-rule level E) the saving is used for education rather than physical capital 7. Which of the following will cause an increase in output per effective worker? A) an increase in capital of 10% B) an increase in population C) an increase in technology D) both capital and labor increase by 10% E) capital and technology both increase by 10% 8. Assume that the production function for an economy is represented by the following: Y = NA.
