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Question
Labor force productivity has increased from $30 per hour to $32 per hour over the past year. This could result fromA) 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.
Answer
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Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
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B) How will health care be produced?
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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