Labor productivity equals
A) real GDP divided by the capital stock.
B) real GDP divided by the working-age population.
C) total wages divided by real GDP.
D) real GDP divided by aggregate labor hours.
Correct Answer:
Verified
Q140: Employment and (total) potential GDP increase if
Q141: If the demand for labor increases
I. employment
Q142: An advance in technology will
A) not shift
Q143: An increase in physical capital or a
Q144: If real GDP is $800 million and
Q146: Which of the following statements is CORRECT?
A)
Q147: An advance in technology shifts the production
Q148: If real GDP is $13,000 billion and
Q149: If real GDP is $13,500 billion and
Q150: If both the supply of labor and
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