The marginal product of labor is the increase in output as a result of hiring an additional worker while the marginal revenue product of labor is the increase in profit as a result of hiring an additional worker

Differences in human capital among workers can often be attributed to social or political processes rather than economic processes

a. True b. False Indicate whether the statement is true or false

Suppose that the share of population employed in Country C is 50 percent, and that Countries C and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed?   CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000

A. 100.0 percent B. 75.0 percent C. 12.5 percent D. 25.0 percent