In the Steady State,real GDP Per Worker ________,And Real GDP

question 40

Multiple Choice

In the steady state,real GDP per worker ________,and real GDP per effective worker ________.

• A) will grow; will grow
• B) will grow; is constant
• C) is constant; will grow
• D) is constant; is constant

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Definitions:

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers look for jobs.

High-Quality Workers

Employees who possess superior skills, expertise, and work ethic, contributing positively to an organization's objectives.

Incentives

Motivators or rewards designed to encourage certain behaviors or actions within individuals or organizations.

Uncertainty

A situation in which the lack of certain knowledge about present circumstances or future outcomes makes it impossible to predict risks accurately.