Multiple Choice
Labor force productivity has increased from $30 per hour to $32 per hour over the past year.This could result from
A) only an increase in real GDP.
B) an increase in real GDP with no change in the aggregate hours or a decrease in aggregate hours with no change in real GDP.
C) only a decrease in aggregate hours.
D) an increase in the labor force participation rate.
E) an increase in population.
Correct Answer:

Verified
Correct Answer:
Verified
Q248: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -According to the
Q249: Briefly define real and potential GDP,and explain
Q250: An increase in the real wage rate
Q251: One possible way of achieving faster economic
Q252: Why is economic growth so slow or
Q254: The Bubby Gum factory produces bubble gum.Joanne
Q255: A country reports that its actual real
Q256: If Turkey wants to promote faster economic
Q257: During a business cycle recession,it is very
Q258: Saving<br>A)slows growth because it decreases consumption.<br>B)finances investment