Productivity, Defined as Real GDP Per Hour Worked, Increases If

question 111

Multiple Choice

Productivity, defined as real GDP per hour worked, increases if

• A)All of these
• B)new technologies are continuously discovered.
• C)saving and investment cause an increase in the quantity of capital per worker.
• D)the average educational level of the work force increases.
• E)new knowledge is applied in production.

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Definitions:

State and Local Districts

Administrative divisions within a country or a state, governed by local authorities, often responsible for local policies, education, and public services.

Developmental Psychology

A branch of psychology that studies the growth and development of the human mind and behavior across the lifespan.

Developmental Disorders

Conditions that impair personal, social, academic, or occupational functioning, emerging in the developmental phase of a person's life.

Public Subsidy

Financial assistance given by the government to organizations, industries, or individuals, often to support services that are considered beneficial for the public.