Increases in the Productivity of Labor Result Partly from

question 69

Multiple Choice

Increases in the productivity of labor result partly from

• A) the law of diminishing returns.
• B) improvements in technology.
• C) reductions in wage rates.
• D) increases in the quantity of labor.

---

Definitions:

Gross Income

The total income received before any deductions or taxes are taken out.

Permitted Deductions

Expenses that can legally be subtracted from one's gross income to reduce the amount of income subject to tax.

Qualifying Child

A child who meets specific IRS criteria, allowing taxpayers to claim certain tax benefits.

Support Test

A criterion used by the IRS to determine if a taxpayer can claim another person as a dependent for tax purposes, based on financial support provided.