Multiple Choice
If per capita GDP growth exceeds labor productivity growth,then:
A) human capital must be increasing.
B) the labor-capital ratio must be decreasing.
C) employment must be growing faster than population.
D) population must be growing faster than employment.
E) physical capital must be increasing.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Productivity is defined as:<br>A)the ratio of a
Q43: Over the past century,the growth of labor
Q44: In contrast to government research and development,private
Q45: Between 1959 and 2003,the average annual growth
Q46: Which of the following factors can influence
Q48: The production possibilities curve for capital and
Q49: Between 1982 and 2002,U.S.GDP per capita grew
Q50: Labor cost on an average accounts for
Q51: Which of the following is the prime
Q52: The figure below shows three different per-worker