In a small Asian country, it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $600.Based on this information, what is the slope of the per-worker production function in this range?
A)0.06
B)0.6
C)6.6
D)66.6
E)666

Question

Quizplus · Accepted Answer

The slope of the per-worker production function is calculated as the change in output (ΔY) over the change in capital per hour worked (ΔK), which is $600 / $10,000 = 0.06.

In a Small Asian Country, It Is Estimated That a $10,000