Which situation indicates that total output in a country has grown the most when the starting output is the same in all situations?
A) Output per worker grows by 10% while the labor force grows by 10%.
B) Output per worker grows by 11% while the labor force remains constant.
C) Output per worker remains constant while the labor force grows by 11%.
D) Output per worker grows by 4% while the labor force grows by 12%.
Correct Answer:
Verified
Q84: In general, the higher the capital-to-labor ratio:
A)
Q85: Given the form of a typical production
Q86: According to the production function, which of
Q87: Developed nations tend to have:
A) limited labor
Q88: Which of the following is NOT a
Q90: Which one of the following is NOT
Q92: All of the following are considered sources
Q93: On-the-job training can lead to an increase
Q94: Which of the following is likely to
Q127: To have long-term economic growth, the production
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