Improvements in Labor Productivity

question 19

Multiple Choice

Improvements in labor productivity

• A) affect the level of wages, but do not affect the rate of economic growth.
• B) affect the level of profit, but do not affect the rate of economic growth.
• C) hinder economic growth, because they cause unemployment.
• D) contribute to economic growth.

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Definitions:

Relationship

The manner in which two or more ideas, items, or individuals are linked, or the condition of being linked.

Variable

An attribute, characteristic, or measurement that can take on different values across individuals, objects, or time points in data collection and analysis.

Increases

A term indicating a rise or growth in a numerical value or quantity.

Scatter Diagram

A graph used in statistics to visually display and analyze the relationship between two numerical variables by plotting data points on a Cartesian plane.