If capital per hour of labor increases, real GDP per hour of labor
A) decreases because the level of technology decreases.
B) decreases for a given level of technology.
C) increases because the level of technology increases.
D) increases for a given level of technology.
Correct Answer:
Verified
Q156: An increase in physical capital or a
Q157: A decrease in the real wage rate
A)
Q158: Q159: Q160: If real GDP is $11,750 billion and Q162: Labor productivity increases with Q163: Saving and investment that increase a nationʹs Q164: Technological change Q165: If capital per worker rises, Q166: Which of the following contributes to an![]()
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A) increases in depreciation.
B)
A) lowers the real wage rate.
B)
A) labor productivity
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