An increase in education and training

Name: An increase in education and training
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Education and training can lead to a higher level of skills among workers, which can increase labour productivity. This means that workers can produce more output per unit of input, which can ultimately lead to an increase in real GDP growth. However, education and training may not necessarily increase the hours worked per person or the aggregate hours, and may only have a limited impact on the employment rate.

An Increase in Education and Training