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If There Was Both an Increase in Technology and an Increase

question 35

Multiple Choice

If there was both an increase in technology and an increase in labor force participation, real GDP growth would ____ and real GDP growth per capita would ____.


Definitions:

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Going Concern

The assumption that a company will continue in operation for the foreseeable future.

Qualitative Characteristics

Attributes that enhance the usability of financial information, including relevance and faithful representation.

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