-The table above shows capital per hour of labor and labor productivity for the beach economy of Whitepool. In the year 2008, how many seashells does the increase in capital per hour of labor contribute and how many seashells of growth does technological change contribute to the growth in real GDP per hour of labor?

Question

Quizplus · Accepted Answer

In 2008, capital per hour of labor increased from 10 to 15, contributing 12 seashells to the growth in real GDP per hour of labor. Technological change contributed 12 seashells to the growth in real GDP per hour of labor, as labor productivity increased from 20 to 32.

-The Table Above Shows Capital Per Hour of Labor and Labor