If Both Total Employment and Total Output Always Grew by 2

question 88

Multiple Choice

If both total employment and total output always grew by 2 percent each year,what would the annual growth in labor productivity in an economy be over a decade?

• A)0 percent
• B)2 percent
• C)10 percent
• D)20 percent
• E)2 percent times the size of the labor force

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Definitions:

Political Coalition

An alliance formed between different parties, groups, or individuals for a specific political purpose or action.

Regional Strategy

A business approach that focuses on tailoring products, services, and marketing efforts to specific geographic areas or regions to meet local needs and preferences.

Controlling Images

Stereotypical images or narratives that are used to justify and maintain social inequalities.

Systemic Racism

A form of racism that is embedded in the laws and regulations of a society or organization, leading to discrimination and inequality for groups based on race.