An Increase in Labor Productivity Necessarily Means an Increase in Real

question 110

Multiple Choice

An increase in labor productivity necessarily means an increase in real GDP per capita if:

• A)real GDP increases.
• B)the employment growth rate is greater than the population growth rate.
• C)the employment growth rate is less than the population growth rate.
• D)the size of the labor force remains constant.
• E)real GDP increases more rapidly than nominal GDP.

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Definitions:

Simplify

The act of minimizing complexity in a mathematical expression by executing permitted operations.

Expression

A combination of numbers, symbols, and operations used to represent a value, without an equivalence relation.

Simplify

The process of rendering an algebraic expression into its simplest form, making it easier to understand or solve.

Expression

A mix of numbers and symbols that signifies a math-based amount or connection.