If the labor and capital grow more quickly, then real GDP will
A) stay fixed at potential GDP.
B) grow more quickly.
C) not grow fast enough.
D) grow more slowly.
Correct Answer:
Verified
Q124: An increase in the working-age population results
Q125: Labor productivity is
A) the average amount of
Q126: Employment and total) potential GDP increase if
Q127: Labor productivity equals
A) real GDP divided by
Q128: An increase in a nationʹs population results
Q130: Potential GDP per labor hour can increase
Q131: When the population increases with no change
Q132: Labor growth depends mainly on and labor
Q133: An increase in the population and hence
Q134: Labor productivity is defined as
A) the growth
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents