Real GDP can increase either because the quantity of labor increases or because labor productivity increases.What is the effect on the standard of living if real GDP increases because
a.the quantity of labor increases?
b.labor productivity increases?

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The Answer of Real GDP can increase either because the quantity of labor increases or because labor productivity increases.What is the effect on the standard of living if real GDP increases because
a.the quantity of labor increases?
b.labor productivity increases?

Real GDP Can Increase Either Because the Quantity of Labor