A diagram of a productivity curve has
A) real GDP per hour of labor on the y-axis and capital per hour of labor on the x-axis.
B) real GDP per hour of labor on the y-axis and hours of labor on the x-axis.
C) capital per hour of labor on the y-axis and real GDP per hour of labor on the x-axis.
D) real wages per hour on the y-axis and real GDP per hour of labor on the x-axis.
E) real GDP per hour of labor on the y-axis and real wages per hour on the x-axis.
Correct Answer:
Verified
Q200: Labor productivity equals
A)real GDP.
B)real GDP per hour
Q201: Suppose that an Intel worker rearranges existing
Q202: The productivity curve is a relationship between
Q203: A reason for an increase in labor
Q204: If capital per hour of labor increases,GDP
Q206: Human capital is acquired
A)only in school.
B)only through
Q207: Human capital is defined as the
A)amount of
Q208: The law of diminishing marginal returns states
Q209: The productivity curve is a relationship between
A)real
Q210: The shape of the productivity curve reflects
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