Suppose that policymakers desire real GDP per hour of work to grow by 3.5 percent a year.
(A) If the prowth is ta came salely from increases in the capital stack by how much should capital per hou of wark increase?
(B) If policymakers believe that technolagy will grow at a rate of 2 percent per year, by how much should the capital stack per hour of work increase?

Question

Suppose that policymakers desire real GDP per hour of work to grow by 3.5 percent a year.
 (A) If the prowth is ta came salely from increases in the capital stack by how much should capital per hou of wark increase?
(B) If policymakers believe that technolagy will grow at a rate of 2 percent per year, by how much should the capital stack per hour of work increase?

Quizplus · Accepted Answer

The Answer of Suppose that policymakers desire real GDP per hour of work to grow by 3.5 percent a year.
 (A) If the prowth is ta came salely from increases in the capital stack by how much should capital per hou of wark increase?
(B) If policymakers believe that technolagy will grow at a rate of 2 percent per year, by how much should the capital stack per hour of work increase?

Suppose That Policymakers Desire Real GDP Per Hour of Work