Which of the Following Will Result in an Increase in Labour

question 50

Multiple Choice

Which of the following will result in an increase in labour productivity?

• A)A decrease in the number of people attending institutions of higher education.
• B)A decline in the amount of human capital per worker.
• C)An increase in technology.
• D)A decline in the capital stock per hour worked.

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Definitions:

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations, with the most recent observations receiving the most weight.

Smoothing Constant

A parameter used in exponential smoothing models to weigh the significance of the most recent observation in forecasting.

Time Series

Time Series refers to a sequence of data points collected or recorded at successive times, often at regular intervals.

Exponential Smoothing

A time series forecasting method for univariate data that applies decreasing weights over time.