The growth rate of output per person in the economy is called
A. factor growth.
B. labor productivity growth.
C. per-capita output growth.
D. output growth.
Answer: C
Economics
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One macroeconomic goal is to achieve an unemployment rate of zero
a. True b. False
Economics
Before the period of modern economic growth:
A. only civilizations such as the Roman Empire experienced economic growth. B. rates of population growth virtually matched rates of output growth. C. most economies realized high rates of growth in output per person. D. output and population growth were stagnant.
Economics