If Capital Per Worker Decreases, Real GDP Per Hour of Labour

question 27

Multiple Choice

If capital per worker decreases, real GDP per hour of labour

• A)decreases for a given level of technology.
• B)increases because the level of technology increases.
• C)increases for a given level of technology.
• D)decreases because the level of technology decreases.
• E)does not change.

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Definitions:

Personal Costs

Expenses directly paid by an individual, often relating to personal needs or desires, such as healthcare or education.

Macroeconomics

The branch of economics that studies overall economic dynamics, such as total national output, income, unemployment, and inflation.

Microeconomics

The branch of economics that studies individual, household, and firm behavior in decision making and allocation of resources.