All of the Following Explain the Growth in Output Per

question 18

Multiple Choice

All of the following explain the growth in output per worker hour during the 20th century EXCEPT

• A)the quality of labor improved during that period.
• B)the quantity of labor increased during that period.
• C)the quality of capital improved during that period.
• D)the worker capital ratio decreased during that period.

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Definitions:

14th Century

The period extending from the year 1301 to 1400 in the Gregorian calendar, marked by significant historical events globally.

After World War II

The period following the end of the second global conflict in 1945, characterized by the establishment of the United Nations, the beginning of the Cold War, and significant social and economic changes worldwide.

Overdraft

An amount beyond what is currently in the account.

Bank Account

A financial account maintained by a bank or other financial institution for the deposit and withdrawal of money by the account holder.