Sustained increases in the standard of living depend on
A) increases in aggregate hours.
B) increases in the quantity of labour.
C) increases in labour productivity.
D) decreases in labour productivity.
E) increases in the population.
Correct Answer:
Verified
Q49: A key reason why some nations show
Q50: New growth theory asserts that
i. human capital
Q51: One way to achieve faster growth in
Q52: A reason for an increase in labour
Q53: Labour productivity increases if
i. human capital decreases.
ii.
Q55: A basic precondition necessary to achieve economic
Q56: Real GDP is $700 billion, average hours
Q57: Labour productivity equals
A) the total production of
Q58: The new growth theory asserts that profits
Q59: If a country lacks _, economic growth
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