How much would output per worker increase

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Reference no: EM133376919

Question: Suppose when human capital and technology are held constant. an increase in physical capitai per worker by 1% leads to an increase of output per worker by [1.6%. answer the following questions. (Hint: "xi. change in physical capital per worker = "it. change in physical capital - '5": change in number cfwerkersJ

a. If physical capital perIworlter increased by 5%. by how much would output per worker increase?

b. If output per worker increased by 4.3%. by how much did physical capital per worker increase?

c. 11' physical capital increased by 5% and the number of workers fell by 2%, by how much would output per worker increase?

d. ll'output per worker increased by 1% and the number cl" workers rose by I'Fa. by how much did physical capital per worker increase"?

Reference no: EM133376919

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