If the working-age population in an economy shrinks, real GDP can still grow if:
A. Work hours per week decreases, to spread work among more workers
B. Labor productivity increases rapidly enough
C. Consumption by households increase rapidly
D. Spending by firms and the government increases
B. Labor productivity increases rapidly enough
Economics
You might also like to view...
According to the information in Table 13.1, M1 is equal to
A) $620 billion. B) $672 billion. C) $842 billion. D) $1,012 billion.
Economics
If demand increases and supply decreases, but supply decreases more than demand increases,
a. equilibrium price will fall. b. equilibrium quantity will fall. c. quantity sold will increase. d. the quantities of both demand and supply will increase.
Economics