8) government budget surplus from reduced government spending will ________ thelevel of investment in the economy and ________ the level of public saving in theeconomy.A) increase; decreaseB) increase; increaseC) decrease; increaseD) decrease; decrease 9) Starting at point B in the diagram below, identify which combinations of points illustratepositive technological change.Real GDPper hourworked, Y/L$17,00016,40016,00015,000A) Movement from B to C.B) Movement from B to D.C) Movement from B to A.D) Movement from B to E.$50,000B60,00070,000Productionfunction3Productionfunction2Productionfunction1Capital per hourworked, K/L

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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8) government budget surplus from reduced government spending will ________ the
level of investment in the economy and ________ the level of public saving in the
economy.
A) increase; decrease
B) increase; increase

C) decrease; increase
D) decrease; decrease

9) Starting at point B in the diagram below, identify which combinations of points illustrate
positive technological change.
Real GDP
per hour
worked, Y/L
$17,000
16,400
16,000
15,000
A) Movement from B to C.
B) Movement from B to D.
C) Movement from B to A.
D) Movement from B to E.
$50,000
B
60,000
70,000
Production
function3
Production
function2
Production
function1
Capital per hour
worked, K/L

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