If capital per hour of labor decreases, real GDP per hour of labor
A) decreases because the level of technology decreases.
B) increases because the level of technology increases.
C) decreases for a given level of technology.
D) increases for a given level of technology.
Correct Answer:
Verified
Q192: Most_ is embodied in physical capital.
A) economic
Q193: The view that population growth occurs when
Q194: An increase in education and training
A) decreases
Q195: Classical growth theory asserts that
A) an increase
Q196: Human capital is
A) peopleʹs knowledge and skills.
B)
Q198: On-the-job-training is an example of
A) technological change.
B)
Q199: The more education that workers have, the
Q200: If the level of technology rises, real
Q201: Which of the following ideas apply to
Q202: Classical growth theory states that
A) advances in
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