In order for a society to have a rising standard of living,output per worker must grow
A)more slowly than the labor force
B)at the same rate as the population
C)faster than the population
D)more slowly than the population
E)at a rate of 3 percent per year and population must grow at a rate of 5 percent per year

Question

Quizplus · Accepted Answer

Output per worker, also known as labor productivity, must grow faster than the population in order for a society to have a rising standard of living. This means that each worker is producing more goods and services, increasing the overall economic output of the society. If output per worker grows more slowly than the population, there will be fewer goods and services available per person, leading to a declining standard of living. Therefore, the best choice is C.

In Order for a Society to Have a Rising Standard