If Adding an Initial 100 Billion Labor Hours Per Year

question 159

Multiple Choice

If adding an initial 100 billion labor hours per year increases real GDP by $3 trillion,diminishing returns informs us that an additional 100 billion labor hours per year will increase real GDP by

• A)exactly $3 trillion.
• B)less than $3 trillion.
• C)more than $3 trillion.
• D)either exactly $3 trillion or by less than $3 trillion,depending on whether the real wage rate remains constant or rises.
• E)some amount but there is not enough information to tell by how much.

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Definitions:

Bursa

A fluid-filled sac located near joints that reduces friction between moving parts of the body, such as muscles and tendons.

Bursus

Likely a misspelling of "Bursa," which is a small fluid-filled sac located near the joints that reduces friction between moving parts.

Anti-

A prefix meaning “against,” “opposite of,” or “antidote to” (e.g., antibiotic).

Auto-

A prefix meaning self or same, used in various medical and scientific terms to indicate self-origin, such as autoimmune, relating to the immune system attacking the body's own tissues.