Multiple Choice
Figure 12-1. On the horizontal axis, K/L represents capital (K) per worker (L) . On the vertical axis, Y/L represents output (Y) per worker (L) . 
-Refer to Figure 12-1. Choose a point anywhere on the curve and call it point A. If the economy is at point A in 2011, then it will definitely remain at point A in 2012 if, between 2011 and 2012,
A) the quantity of physical capital remains constant; the number of workers doubles; and human capital, natural resources, and technology all double as well.
B) the quantity of physical capital doubles; human capital, natural resources, and technology all double as well; and the number of workers remains constant.
C) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology all double as well.
D) the quantity of physical capital doubles; the number of workers doubles; and human capital, natural resources, and technology remain constant.
Correct Answer:
Verified
Correct Answer:
Verified
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