Productivity, defined as real GDP per hour worked, increases if
A) All of these
B) new technologies are continuously discovered.
C) saving and investment cause an increase in the quantity of capital per worker.
D) the average educational level of the work force increases.
E) new knowledge is applied in production.
Correct Answer:
Verified
Q18: The flattening out of the production function
Q19: Which of the following statements is true
Q20: Productivity is commonly defined as output per
Q21: Economists commonly refer to a person's accumulated
Q22: Suppose a worker at a computer company
Q24: Requiring workers to work on weekends and
Q25: Which part of technological change best refers
Q26: Diminishing returns explain why labor and capital
Q27: Technology can best be thought of as
A)any
Q28: Innovation can best be thought of as
A)another
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