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    Essential Foundations of Economics Study Set 1
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    Exam 17: Potential Gdp and Economic Growth
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    What Is the Effect on Real GDP Per Person If
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What Is the Effect on Real GDP Per Person If

Question 125

Question 125

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What is the effect on real GDP per person if labor productivity increases? What is the effect on the nation's standard of living?

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Real GDP equals (aggregate hours)× (labo...

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