Suppose That Growth in Labor Is 5% While Output (Real

question 187

Multiple Choice

Suppose that growth in labor is 5% while output (real GDP) grew at a rate of 4%, it must be the case that:

• A) real GDP per capita increased by 20%.
• B) real GDP per capita increased.
• C) real GDP per capita stayed constant.
• D) real GDP per capita decreased.

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