If Economic Output Is Increased by Increasing the Number of People

question 110

Multiple Choice

If economic output is increased by increasing the number of people working in the economy, then

• A)both GDP per capita and labor productivity will increase.
• B)both GDP per capita and labor productivity will decrease.
• C)GDP per capita will increase.
• D)Labor productivity will increase.

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Definitions:

Minimally Regressive

Pertaining to policies or tax systems that have the least impact on those with lower income, ensuring the financial burden does not disproportionally affect them.

Broadly Universal

Describing concepts, principles, or beliefs that are widely accepted or applied across various cultures and situations.

Marketing Strategy

A comprehensive plan formulated by businesses to achieve specific marketing objectives and targets over a set period.

Sales Objective

A target set by a business to achieve a specific amount of sales within a certain timeframe, used to motivate and measure the performance of sales teams.