The average quality of labor has increased,partly because the demand for education and health care are:
A) income elastic-rising national income generates more than proportional increases in spending on these items
B) income elastic-falling national income generates more than proportional increases in spending on these items
C) income inelastic-rising national income generates more than proportional increases in spending on these items
D) income inelastic-rising national income generates less than proportional increases in spending on these items
Correct Answer:
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Q3: Suppose productivity stood at 5.00 in year
Q4: The Bureau of Labor Statistics Index of
Q5: Which of the following would not cause
Q6: Q7: Which of the following is not considered Q9: If nominal wages rose 1.5% and productivity Q10: The critical determinants of productivity growth include Q11: According to evidence reported by Jorgenson,Ho,and Stiroh,the Q12: Labor productivity is best defined as: Q13: In year 1,an economy used 200 worker![]()
A)real GDP
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