Increasing Average Labour Productivity Is Important to the Economy Because

question 147

Multiple Choice

Increasing average labour productivity is important to the economy because

• A) without it,real GDP per person cannot increase.
• B) without it,real GDP per person must decrease.
• C) it is a key to improving living standards in the long run.
• D) the fraction of the total population that is employed is constant over time and,thus,real GDP per person is solely dependent upon average labour productivity.
• E) it implies more resources are being employed to produce less output.

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Definitions:

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