Suppose that policymakers desire real GDP per hour of work to grow by 3.5 percent a year.
(A)If this growth is to come solely from increases in the capital stock,by how much should capital per hour of work increase?
(B)If policymakers believe that technology will grow at a rate of 2 percent per year,by how much should the capital stock per hour of work increase?

Question

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The Answer of Suppose that policymakers desire real GDP per hour of work to grow by 3.5 percent a year.
(A)If this growth is to come solely from increases in the capital stock,by how much should capital per hour of work increase?
(B)If policymakers believe that technology will grow at a rate of 2 percent per year,by how much should the capital stock per hour of work increase?

Suppose That Policymakers Desire Real GDP Per Hour of Work