When the Population Increases with No Change in Labour Productivity

question 77

Multiple Choice

When the population increases with no change in labour productivity, employment ________ and potential GDP ________.

• A)decreases; decreases
• B)increases; increases
• C)decreases; increases
• D)increases; decreases
• E)increases; does not change

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Definitions:

Partnership Agreement

A formal arrangement between two or more parties to manage and operate a business and share its profits or losses in accordance with the terms set out in the agreement.

Bylaws

Internal rules adopted by an organization or corporation to govern its actions and decisions.

Financial Manager

A professional responsible for managing an organization's financial health by planning, directing, and controlling financial activities.

Secondary Market

The secondary market is where previously issued financial instruments such as stocks and bonds are bought and sold, as opposed to their initial issuance in the primary market.