If the level of technology rises, real GDP per hour of labor
A) decreases because the level of capital per hour of labor decreases.
B) decreases for a given level of capital per hour of labor.
C) increases for any level of capital per hour of labor.
D) increases because the amount of capital per hour of labor increases.
Correct Answer:
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Q198: Which of the following contributes to an
Q199: Technological change
A) increases potential GDP.
B) lowers the
Q200: Factors that influence labor productivity include .
A)
Q201: An increase in education and training
A) increases
Q202: On- the- job- training is an example
Q204: A worker's stock of knowledge is known
Q205: Human capital is, in part, the
A) stock
Q206: Growth accounting is a method of
A) measuring
Q207: During World War II, the increasing productivity
Q208: is the knowledge and skill that people
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