Productivity, Defined as Real GDP Per Hour Worked, Increases If

question 111

Multiple Choice

Productivity, defined as real GDP per hour worked, increases if

• A)All of these
• B)new technologies are continuously discovered.
• C)saving and investment cause an increase in the quantity of capital per worker.
• D)the average educational level of the work force increases.
• E)new knowledge is applied in production.

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Definitions:

Poverty Line

The poverty line is a threshold that defines the minimum level of income deemed necessary to achieve an adequate standard of living in a given country.

Richest 1%

The segment of the population that holds a disproportionately large amount of wealth compared to other sectors, often used in discussions on income disparity.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a specific geographic area.

Unemployment Rate

Number of unemployed divided by the labor force.