Other Things Equal,which of the Following Would Decrease the Rate

question 94

Multiple Choice

Other things equal,which of the following would decrease the rate of economic growth,as measured by changes in real GDP?

• A) An increase in the educational attainment of the labor force.
• B) A permanent decrease in frictional unemployment.
• C) An increase in the amount of capital per worker.
• D) A decrease in the labor force participation rate.

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Definitions:

Baby Boomers

A demographic group referring to individuals born post-World War II, approximately between 1946 and 1964, known for their significant impact on society.

Double Standard

The unfair application of different sets of principles for similar situations, often based on gender, race, or social status.

Society

An organized group of individuals associated together for cultural, religious, scientific, political, patriotic, or other purposes, sharing common traditions, institutions, and interests.

Population Pyramid

A graphical illustration that shows the distribution of various age groups in a population, which forms the shape of a pyramid when the population is growing.