The graph shows the U.S. productivity curve in 1960. Draw a point to show real GDP per hour of labor when capital per hour of labor is $30. Label it 1. Draw a productivity curve that illustrates the labor productivity in 1969. Label It. Draw a point that shows the effect of an increase in capital per hour of labor and technological advances. Label it 2. 32 28- 24- 20- 16- 124 8- 4- Real GDP per hour of labor (2009 dollars) 0 PC1960 10 20 30 40 50 60 70 80 90 100 Capital per hour of labor (2009 dollars) >>> Draw only the objects specified in the question. de

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The graph shows the U.S. productivity curve in 1960.
Draw a point to show real GDP per hour of labor when capital per hour of labor is
$30. Label it 1.
Draw a productivity curve that illustrates the labor productivity in 1969. Label it.
Draw a point that shows the effect of an increase in capital per hour of labor and
technological advances.
Label it 2.
32-
28-
24-
20-
16-
12-
8-
+
0
Real GDP per hour of labor (2009 dollars)
PC1960
10 20 30 40 50 60 70 80 90-100
Capital per hour of labor (2009 dollars)
>>> Draw only the objects specified in the question.
0
2
Transcribed Image Text:The graph shows the U.S. productivity curve in 1960. Draw a point to show real GDP per hour of labor when capital per hour of labor is $30. Label it 1. Draw a productivity curve that illustrates the labor productivity in 1969. Label it. Draw a point that shows the effect of an increase in capital per hour of labor and technological advances. Label it 2. 32- 28- 24- 20- 16- 12- 8- + 0 Real GDP per hour of labor (2009 dollars) PC1960 10 20 30 40 50 60 70 80 90-100 Capital per hour of labor (2009 dollars) >>> Draw only the objects specified in the question. 0 2
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