If the Level of Technology Rises, Real GDP Per Hour

question 441

Multiple Choice

If the level of technology rises, real GDP per hour of labor

• A) decreases because the level of capital per hour of labor decreases.
• B) decreases for a given level of capital per hour of labor.
• C) increases for any level of capital per hour of labor.
• D) increases because the amount of capital per hour of labor increases.

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Definitions:

Temperature

A measure of the warmth or coldness of an environment or substance, typically expressed in degrees Celsius or Fahrenheit.

Increased

To become or to make something larger or more in number, size, value, or extent.

Hot Drinks

Beverages that are typically served warm, such as coffee, tea, hot chocolate, and certain herbal infusions.

Temperature

A physical quantity representing the hotness or coldness of a body or environment, typically measured in degrees Celsius, Fahrenheit, or Kelvin.