Which of the Following Best Answers Whether Growth in the Labor

question 37

Multiple Choice

Which of the following best answers whether growth in the labor force leads to overall economic growth?

• A) Population growth can produce growth in the Solow model in the aggregate but not in output per person.
• B) Total capital and production per worker can grow as the population of the economy grows.
• C) It never does-only capital contributes to aggregate economic growth.
• D) Population growth can produce growth in the Solow model in the aggregate and in output per person.
• E) Population growth increases output per person but not aggregate output.

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Definitions:

Limited Partner

An investor in a limited partnership who is not personally liable for the partnership's debts beyond the amount of their investment.

General Partner

An owner of a partnership who has unlimited personal liability for the debts and obligations of the business and can participate in its management.

Certificate of Limited Partnership

A legal document filed with a governmental body to form a limited partnership.

Oral Agreement

A contract that has been agreed to by speaking rather than in writing. Although legally binding, they are often harder to prove in court.