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

Q: Discuss the following statement: “Those who argue that technological progress does not reduce…

A: Employment reflects the state of a person being employed in some work in an organization. It…

Q: In the long run, the growth rate of output per worker is determined by the: the saving rate only the…

A: Steady-state growth rate Where,  'n' is the population growth rate 'g' is technological progress or…

Q: If a nation’s productivity grows by 3 percent rather than 1.5 percent over many years, what will be…

A: A nation's productivity refers to the level of production that the economy is able to achieve with…

Q: What is productivity? Describe the factors of productivity.

A: Productivity is the ratio of output to input which are used in the process of production. It is the…

Q: Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount…

A: Human Capital: Human capital can be a quality that is intangible, but it helps to raise the…

Q: The catch-up effect says that countries with low income can grow faster than countries with higher…

A: According to the catch-up effect theory , the low income eating countries will grow and will finally…

Q: Why does adding capital to a production function make the economy more productive? What are…

A: Adding capital to a production function can make the economy more useful in light of the fact that…

Q: The United States experienced a productivity slowdown from 1973 to 1995.   Which of the following…

A: United states experienced a productivity slowdown from 1973 to 1995.

Q: Which of the following would not affect labor productivity, i.e. more output per unit of labor hour?…

A: Labor Productivity refers to measure the hourly output of a countries economy, more specifically it…

Q: For a given level of technology, the level of labor productivity would increase in all of the…

A: Labor productivity means the efficiency or productivity by which labor works or produces the output.…

Q: Based on your calculations, productivity from 2037 to 2038. in physical capital per worker from 2037…

A: Physical capital per worker measures the physical capital per unit of labor. Formula: Physical…

Q: Consider the per-worker production function graph. If there is an increase in capital per hour…

A: A production function is a mathematical representation of the relationship between inputs and…

Q: a. The local government builds a new school. b. Teachers in the new school hold classes for young…

A: The construction of a new school typically increases productivity in the long run. While the…

Q: Economic theory suggests that we can increase productivity by

A: In economic theory, productivity refers to the output being produced given the input level.

Q: What are the effects of an increase in labor productivity on potential GDP, the quantity of labor,…

A: Gross Domestic Product is the total amount of goods and services that an economy can produce within…

Q: 3. The following information has been discovered about the economy of Ecrachidia. The country's…

A: 1)Production function: Real GDP=f(Capital) Here, the capital is the variable taken on…

Q: Which one of the following is not a determinant of productivity?   A greater stock of labor. More…

A: In a market, all the variables thate lead to change the output level and ability of the input…

Q: The following data give real GDP, Y, capital, K, and labor, N, for the U.S. economy in various…

A: Total factor productivity is the measure of the impact of technological advancement and change in…

Q: Discuss the following statement: “Those who argue that technological progress does not reduce…

A: Technological progress is the advancement in producing goods and services by new and innovative…

Q: In economics, How might productivity be measured for each of the following industries ? a.…

A: The measure that depicts how efficiently inputs are being converted into outputs by companies,…

Q: The graphs show the productivity curve for an economy. In the left graph show the effect of an…

A: The ratio that depicts change in the the volume of input and volume of output is known as…

Q: What has happened to the rate of productivity growth over the past 50 years? How might you explain…

A: Productivity refers to the output that can be produced with the given inputs in a particular time…

Q: Why does an increase in the labor force cause the Market Productivity of Capital to increase?

A: Marketing productivity is a measure of the profit responsiveness by segment to different levels of…

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A: In humàn economy capital  is the development of jobs created by education and knowledge, as well put…

Q: An increase in labor productivity means businesses will produce more output with the same amount of…

A: Labor productivity refers to the amount of goods and services produced by the workforce at a given…

Q: Assume there are 100 workers and each worker produces 100 outputs. If the workforce is growing by 1%…

A: Labor productivity refers to the output per labor hour. It can be calculated using the following…