Figure 7-1. On the horizontal axis, K/L represents capital (K) per worker (L). On the vertical axis, Y/L represents output (Y) per worker (L).

-Refer to Figure 7-1. Choose a point anywhere on the curve and call it point A. If the economy is at point A in 2011, then it will definitely remain at point A in 2012 if, between 2011 and 2012,
A) the quantity of physical capital remains constant; the number of workers doubles; and human capital, natural resources, and technology all double as well.
B) the quantity of physical capital doubles; human capital, natural resources, and technology all double as well; and the number of workers remains constant.
C) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology all double as well.
D) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology remain constant.

Question

Figure 7-1. On the horizontal axis, K/L represents capital (K) per worker (L). On the vertical axis, Y/L represents output (Y) per worker (L).
 
-Refer to Figure 7-1. Choose a point anywhere on the curve and call it point A. If the economy is at point A in 2011, then it will definitely remain at point A in 2012 if, between 2011 and 2012,
A) the quantity of physical capital remains constant; the number of workers doubles; and human capital, natural resources, and technology all double as well. 
B) the quantity of physical capital doubles; human capital, natural resources, and technology all double as well; and the number of workers remains constant. 
C) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology all double as well. 
D) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology remain constant.

Quizplus · Accepted Answer

The Answer of Figure 7-1. On the horizontal axis, K/L represents capital (K) per worker (L). On the vertical axis, Y/L represents output (Y) per worker (L).
 
-Refer to Figure 7-1. Choose a point anywhere on the curve and call it point A. If the economy is at point A in 2011, then it will definitely remain at point A in 2012 if, between 2011 and 2012,
A) the quantity of physical capital remains constant; the number of workers doubles; and human capital, natural resources, and technology all double as well. 
B) the quantity of physical capital doubles; human capital, natural resources, and technology all double as well; and the number of workers remains constant. 
C) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology all double as well. 
D) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology remain constant.