Technological Change

question 146

Multiple Choice

Technological change

• A) lowers the real wage rate.
• B) decreases labor productivity.
• C) has no effect on employment.
• D) increases potential GDP.

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Definitions:

Census Family

A concept used in demography to describe a household unit consisting of a married couple or common-law partners, with or without children, or a lone parent with at least one child.

Family Life Cycle

A series of stages through which a family may progress over time, including changes in family structure and roles as members age or events such as marriage or childbirth occur.

Family Values

Cultural, social, or religious beliefs that emphasize the importance of the family unit.

Boomerang Kids

Adult children who return to live with their parents after having lived independently, often due to economic constraints, personal choice, or transitioning life stages.