What Happens to the Real Wage Rate and Potential GDP

question 111

Essay

What happens to the real wage rate and potential GDP if population increases?

---

Definitions:

Gardner

Refers to Howard Gardner, a psychologist known for his theory of multiple intelligences, which suggests people have different kinds of intelligences.

Sternberg

Refers to Robert Sternberg, an American psychologist known for his theory on intelligence and creativity.

Weschler

Refers to a series of standardized tests used to assess cognitive and intellectual abilities in children and adults.

Spearman

Refers to Charles Spearman, a psychologist known for his work in intelligence research and the concept of the general intelligence factor "g".