Which of the following is not correct?
a. Countries that have had higher output growth per person have typically done so without higher productivity growth.
b. A country's standard of living and its productivity are closely related.
c. Productivity refers to output produced per hour of work.
d. Increases in productivity can be used to increase output or leisure.
a
Economics
You might also like to view...
Does the Federal Reserve conduct both the nation's monetary policy and its fiscal policy?
What will be an ideal response?
Economics
In a open economy, aggregate expenditures are the sum of personal consumption, investment, government, and net export expenditures
Indicate whether the statement is true or false
Economics