Economic growth can be enhanced by a reduction in the size of the labor force.

Name: Economic growth can be enhanced by a reduction in the size of the labor force.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economic growth is typically driven by an increase in productivity, innovation, and an expanding labor force that can produce goods and services. A reduction in the size of the labor force can limit the potential for economic growth unless it is offset by significant gains in productivity.

Economic Growth Can Be Enhanced by a Reduction in the Size