If Per Capita GDP Growth Exceeds Labor Productivity Growth,then

question 47

Multiple Choice

If per capita GDP growth exceeds labor productivity growth,then:

• A)human capital must be increasing.
• B)the labor-capital ratio must be decreasing.
• C)employment must be growing faster than population.
• D)population must be growing faster than employment.
• E)physical capital must be increasing.

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Definitions:

Outstanding Check

One that has been written but hasn’t yet cleared the bank and been charged to the customer’s account.

Adjusted Cash Balance

An amount reflecting the true cash balance after accounting for outstanding checks or deposits in transit.

Check Register

A check register is a record book used to track checks written, deposits made, and the current balance of a checking account.

Closed Account

A bank or credit account that has been terminated, either by the customer or the financial institution, often due to inactivity or zero balance.