A) the share of capital income in aggregate income.
B) the slope of the productivity function.
C) the growth rate of capital per hour worked times the share of capital income in aggregate income.
D) the growth rate of capital per hour worked.
E) the growth rate of technology.
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A) can be a result of an upward shift and a rightward movement along the productivity curve.
B) can only be a result of a shift of the productivity curve.
C) can only be a result of a movement along the productivity curve.
D) only occurs when an upward shift of the productivity curve is offset by a leftward movement of that curve.
E) cannot be described by the productivity curve.
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A
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A) the amount the variable changes.
B) the change in the variable divided by the variable's new level.
C) the variable's new level divided by its initial level.
D) the change in the variable divided by the variable's initial level.
E) the variable's initial level divided by its new level.
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(A) From A to D.
(B...View Answer
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(B...
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A) less technology.
B) more technology.
C) less capital.
D) more capital.
E) a higher population.
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B
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A) increases in the amount of hours worked,which caused the production function to shift up.
B) increases in technology,which caused the productivity function to shift up.
C) the productivity function shifting because of growth in capital.
D) increases in capital per hour worked,which caused a movement along the productivity function.
E) increases in technology,which caused a movement along the productivity function.
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A) an upward shift of the productivity curve.
B) a downward shift of the productivity curve.
C) an upward and right movement along the productivity curve.
D) a downward and left movement along the productivity curve.
E) a clockwise rotation of the productivity curve.
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Since r(K/...View Answer
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See the fo...View Answer
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A) the change along the vertical axis.
B) the percentage change along the horizontal axis divided by the percentage change along the vertical axis.
C) the percentage change along the vertical axis.
D) the percentage change along the horizontal axis.
E) the percentage change along the vertical axis divided by the percentage change along the horizontal axis.
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A) the share of capital income in aggregate income.
B) the growth rate of output per hour worked that is due to the growth rate of technology.
C) the growth rate of output per hour worked that is due to the rate of growth of capital per hour worked.
D) the growth rate of capital per hour worked times the share of capital income in aggregate income.
E) the growth rate of technology.
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A) the slope of the productivity function.
B) the share of capital income in aggregate income.
C) the investment share of GDP.
D) the increase in productivity due to a change in the capital stock.
E) the slope of the production function.
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B
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A) the change in capital per hour.
B) the growth rate of the labor force.
C) the growth rate of capital per hour.
D) the slope of the productivity function.
E) the increase in productivity.
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