If an economy experiences growth in productivity without growth in its labor force, it will grow.

Name: If an economy experiences growth in productivity without growth in its labor force, it will grow.
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Question

Quizplus · Accepted Answer

Growth in productivity, which means producing more output with the same or fewer resources, would lead to an increase in economic output and GDP without requiring an increase in the labor force. Thus, the economy would experience growth.

If an Economy Experiences Growth in Productivity Without Growth in Its