Business, 30.03.2020 19:37 Savageboyn
An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%. According to the aggregate production function for this economy, each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%. In three years' time, what is the level of physical capital per worker in this economy? 266.2 units 200 units 242 units
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An economy initially has 200 units of physical capital per worker. Each year, it increases the amoun...
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