Potential GDP Per Labor Hour Can Increase Due to

question 153

Multiple Choice

Potential GDP per labor hour can increase due to

• A) increases in the quantity of money.
• B) decreases in the quantity of capital.
• C) increases in population.
• D) increases in labor productivity.

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Definitions:

Population Standard Deviation

A measure of the dispersion of a set of data from its mean, calculated for the entire population.

Confidence Interval

A statistical range, with a given probability, that contains the true parameter of the population.

Mean

The mean is the average of a set of numerical values, calculated by summing all the values and dividing by the count of the values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from the mean.