{"id":70965,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/the-following-data-give-real-gdp-y-capital-k-and-labor-n-for-the-u-s-economy-in-various-years-year"},"modified":"2017-08-18T06:16:52","modified_gmt":"2017-08-18T06:16:52","slug":"the-following-data-give-real-gdp-y-capital-k-and-labor-n-for-the-u-s-economy-in-various-years-year","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/the-following-data-give-real-gdp-y-capital-k-and-labor-n-for-the-u-s-economy-in-various-years-year\/","title":{"rendered":"\u00a0 The following data give real GDP, Y, capital, K, and labor, N, for the U.S. economy in various years. Year\u00a0\u00a0&#8230;"},"content":{"rendered":"<p>&nbsp; The following data give real GDP, Y, capital, K, and labor, N, for the U.S. economy in various years. Year&nbsp;&nbsp; Y&nbsp;&nbsp; K&nbsp;&nbsp; N&nbsp; 1960&nbsp;&nbsp; 2502&nbsp;&nbsp; 2695&nbsp;&nbsp; 65.8&nbsp; 1970&nbsp;&nbsp; 3772&nbsp;&nbsp; 4044&nbsp;&nbsp; 78.7&nbsp; 1980&nbsp;&nbsp; 5162&nbsp;&nbsp; 5831&nbsp;&nbsp; 99.3&nbsp; 1990&nbsp;&nbsp; 7113&nbsp;&nbsp; 7809&nbsp;&nbsp; 118.8&nbsp; 2000&nbsp;&nbsp; 9817&nbsp;&nbsp; 10,392&nbsp;&nbsp; 136.9&nbsp; 2007&nbsp;&nbsp; 11,524&nbsp;&nbsp; 11,849&nbsp;&nbsp; 146.0&nbsp; Y is real GOP in billions dollars; K is real net stock of fixed private nonresidential capital in billions of dollars; N is civilian employment in millions of workers&nbsp; That the production function is: 7 . 0 3 . 0N AK Y \uf03d&nbsp;. a.&nbsp; By what percentage did U.S. total factor productivity grow between 1960 and 1970? Between 1970 and 1980? Between 1980 and 1990? Between 1990 and 2000? Between 2000 and 2007? b.&nbsp; What happened to the marginal product of labor between 1 960 and 2007? Calculate the marginal product numerically as the extra output gained by adding 1 million workers in each of the two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The following data give real GDP, Y, capital, K, and labor, N, for the U.S. economy in various years. Year&nbsp;&nbsp; Y&nbsp;&nbsp; K&nbsp;&nbsp; N&nbsp; 1960&nbsp;&nbsp; 2502&nbsp;&nbsp; 2695&nbsp;&nbsp; 65.8&nbsp; 1970&nbsp;&nbsp; 3772&nbsp;&nbsp; 4044&nbsp;&nbsp; 78.7&nbsp; 1980&nbsp;&nbsp; 5162&nbsp;&nbsp; 5831&nbsp;&nbsp; 99.3&nbsp; 1990&nbsp;&nbsp; 7113&nbsp;&nbsp; 7809&nbsp;&nbsp; 118.8&nbsp; <a href=\"https:\/\/www.benedictsol.com\/blogs\/the-following-data-give-real-gdp-y-capital-k-and-labor-n-for-the-u-s-economy-in-various-years-year\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-70965","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/70965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=70965"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/70965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=70965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=70965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=70965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}