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:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated to fulfill basic needs before moving on to other, more advanced needs, culminating in self-actualization.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or actions of others through argument, reasoning, or appeal.

Central Selling Point

The most compelling or attractive feature of a product or service that is emphasized in marketing.