How y could be achieved by improving technology, Macroeconomics

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How y could be achieved by improving technology

Problem

A per-worker production function is shown in the diagram for an economy currently producing with k units of capital per worker. Illustrate how the economy can increase output per worker to y1 by increasing capital per worker. Then illustrate how y1 could be achieved by improving technology instead of increasing capital.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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