The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as
A) technology.
B) labor productivity.
C) real GDP.
D) human capital.
Correct Answer:
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Q1: A good measure of the standard of
Q2: Which of the following statements describes the
Q3: Table 10-1 Q4: Because of technological change,oil companies like Chevron Q5: If real GDP in a small country Q7: If the growth rate of real GDP Q8: Increases in real GDP since 1900 can Q9: Since 1900,real GDP per capita has _ Q10: Technological advances generally result in Q11: Since 1900,real GDP in the United States
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A)decreased incomes.
B)increased life
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