If Both Total Employment and Total Output in an Economy

question 39

Multiple Choice

If both total employment and total output in an economy grow by 2 percent each year,then the annual growth in labor productivity in the economy over a decade will be equal to _____.

• A)0 percent
• B)2 percent
• C)10 percent
• D)20 percent
• E)2 percent times the size of the labor force

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Definitions:

Rehearsal

A cognitive process involving the repeated practice of material to be remembered, aiming to enhance memory retention.

Retain Information

Retaining information involves the capacity to hold onto and recall knowledge or data over time, a fundamental aspect of learning and memory function.

System

An organized set of interrelated components that function together as a whole to achieve a specific goal.

Visual Sensation

The experience of receiving and interpreting light through the eyes, leading to the perception of objects, colors, and movements in the environment.