An economy can increase its total output of goods and services if it
A)increases the hours of work or output per hour.
B)increases the hours of work or decreases output per hour.
C)decreases hours of work or decreases output per hour.
D)decreases hours of work and decreases output per hour.

Question

Quizplus · Accepted Answer

Increasing the hours of work or output per hour both contribute to increasing the total output of goods and services in an economy. This can be achieved through investments in technology and infrastructure, improving education and training for workers, and incentives for businesses to increase productivity. Decreasing hours of work or output per hour would have the opposite effect and decrease total output.

An Economy Can Increase Its Total Output of Goods and Services