Holding All Else Constant,if Average Labour Productivity Increases,real GDP Per

question 47

Multiple Choice

Holding all else constant,if average labour productivity increases,real GDP per person

• A) increases.
• B) decreases.
• C) remains constant.
• D) fluctuates.
• E) may increase or decreasE.

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Definitions:

Resource Maturity

Resource maturity refers to the stage of development at which a business or system efficiently utilizes its resources, balancing between growth potential and sustainability.

Existence

The state or fact of living, being, or operating; in business, it may refer to the ongoing operation or presence of a company in a market.

Solo

Refers to an individual performing or working alone, without a partner or group.

Survival

The act of continuing to live or exist, especially in spite of challenging conditions.