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1 a. Using the per-worker production function graphs below, show the effect on real GDP per hour worked of an increase in capital per hour

1 a. Using the per-worker production function graphs below, show the effect on real GDP per hour worked of an increase in capital per hour worked, holding technology constant. Now, again using the per-worker production function graph, show the effect on real GDP per hour worked of an increase in technology, holding the quantity of capital per hour worked constant.

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Real GDP per hour worked, Y/L Production Functionz $65 Production 55 Function, 50 $100 125 Capital per hour worked, K/L

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