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GDP per worker a. Consider the aggregate production function below, where point A indicates current GDP per worker, which is also a steady state. Suppose
GDP per worker a. Consider the aggregate production function below, where point A indicates current GDP per worker, which is also a steady state. Suppose Thanos erases half the population, and there is no change in technology. Indicate where the point would most likely move in the short run. Capital per worker A Production function b. If the population growth and depreciation rates do not change, in the long run, GDP per worker O cannot be determined. will stay at the new point. will return to the original point
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