(Last Word) It is expected that by 2050, most nations will have decreasing populations.With the likely decline in the labor force and number of hours of work in the economy, what must occur for real GDP to continue to rise?
A) Increasing amounts of natural resources must be brought into production.
B) Labor productivity must grow faster than the drop in work hours.
C) Consumption spending must grow faster than the drop in work hours.
D) Government spending and tax policy must be altered to stimulate sufficient demand.
Correct Answer:
Verified
Q77: Which of the following explanations is consistent
Q78: A nation's infrastructure refers to
A) its ability
Q78: Economies of scale refers to
A)the idea that
Q80: The percentage of U.S.adults with a high
Q81: Which of the following is a true
Q83: (Consider This) The Consider This box on
Q84: (Last Word) The inverse dependency ratio is
Q85: (Last Word) The inverse dependency ratio is
Q86: Which of the following statements is true
Q88: (Consider This) According to the Consider This
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents