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What two kinds of changes in the capital stock can improve labor productivity?
Wiki User
∙ 12y ago
An increase in the quantity of capital per worker, which is reflected by a movement along the per-worker production function. According to Simon Kuznets, changes in the quantities of labor and capital account for only one-tenth of the increase in economic growth
An improvement in the quality of capital per worker, and it is is reflected by technological change that rotates the curve upward. It accounts for nine-tenths of the increase in economic growth.
Wiki User
∙ 12y ago
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