y = A(1-ga) ere ga is the fraction of all workers that produce technologies. Further, suppose the growth of technology is given by the owing equation growth of A = (ga/m)(L) pose L = 1 and m = 7, and that initially g,A = 0.7. If g, fell to 0.8 the level of output per worker would: Impossible to say fall stay the same rise
y = A(1-ga) ere ga is the fraction of all workers that produce technologies. Further, suppose the growth of technology is given by the owing equation growth of A = (ga/m)(L) pose L = 1 and m = 7, and that initially g,A = 0.7. If g, fell to 0.8 the level of output per worker would: Impossible to say fall stay the same rise
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Suppose the per-worker production function is:
y = A(1-ga)
Where ga is the fraction of all workers that produce technologies. Further, suppose the growth of technology is given by the
following equation
growth of A = (ga/m)(L)
Suppose L = 1 and m = 7, and that initially ga = 0.7. If g, fell to 0.8 the level of output per worker would:
Impossible to say
fall
stay the same
O rise](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc56d5e1b-cf4e-49ad-9039-9f01c926fb35%2F9ba7bde9-345b-44e9-abe6-abd9a9ac1bf2%2Frdvebcr_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose the per-worker production function is:
y = A(1-ga)
Where ga is the fraction of all workers that produce technologies. Further, suppose the growth of technology is given by the
following equation
growth of A = (ga/m)(L)
Suppose L = 1 and m = 7, and that initially ga = 0.7. If g, fell to 0.8 the level of output per worker would:
Impossible to say
fall
stay the same
O rise
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