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The graph below shows three production functions. PFo shows the current production function for the economy, and capital per worker is currently (KIL)0; thus ouput
The graph below shows three production functions. PFo shows the current production function for the economy, and capital per worker is currently (KIL)0; thus ouput per worker is (YIL)o. Suppose that there is technological change. Which of the points on the graph could show the new capital per worker and output per worker? C:- A. 2 C:- B. 4 {Q} C. 1 {:3 D. 3 Real GDP per hour worked, Y/L (Y/L)0 (K/L)0 Capital per hour worked, KIL PF1 PFO PF2
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