Multiple Choice
Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. We could conclude that this economy's
A) real GDP remained constant.
B) capital stock increased by 3 percent.
C) production possibilities curve shifted inward.
D) production possibilities curve shifted outward.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Increases in the value of the product
Q29: Summarize the antigrowth view of economic growth.
Q30: One hypothesis for declining productivity growth rates
Q31: The pattern of productivity growth in the
Q32: Which of the following is the single
Q34: Leader countries that experience modern economic growth
Q35: Compared with the period from 1973 to
Q36: Which of the following is not an
Q37: A nation's real GDP was $250 billion
Q38: Leader countries tend to have higher growth