An Increase in Labor Productivity Necessarily Means an Increase in Real

question 110

Multiple Choice

An increase in labor productivity necessarily means an increase in real GDP per capita if:

• A)real GDP increases.
• B)the employment growth rate is greater than the population growth rate.
• C)the employment growth rate is less than the population growth rate.
• D)the size of the labor force remains constant.
• E)real GDP increases more rapidly than nominal GDP.

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Definitions:

Procedural Justice

The perceived fairness of the processes and procedures used to make decisions or allocate resources in an organization.

Ethical Questions

Inquiries that involve considerations of what is morally right or wrong, often pertaining to actions, policies, or situations.

Organizational Resources

Assets, including financial, human, and material resources, that an organization utilizes to operate effectively and achieve its goals.

Socially Responsible

The ethical framework suggesting that entities, either individuals or organizations, have an obligation to act for the benefit of society at large.