Labour productivity will increase if the ________ increases and ________.
A) quantity of capital per hour worked; technology improves
B) quantity of labour per unit of capital; technology improves
C) quantity of capital per hour worked; immigration increases while capital is fixed
D) quantity of labour per unit of capital; immigration increases while capital is fixed
E) quantity of labour in the economy; capital depreciates more quickly
Correct Answer:
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Q34: Economic growth depends more on technological change
Q66: An increase in labour productivity
A)allows the average
Q67: _ depend on increases in labour productivity.
A)Advances
Q68: Potential GDP is estimated to grow at
Q69: Which of the following will result in
Q70: Market economies tend to grow more quickly
Q73: The key to sustained economic growth is
Q74: Which of the following is most likely
Q75: Potential GDP in Canada
A)grows as people become
Q76: Labour productivity is
A)the quantity of output produced
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