There is ________ to how much increases in labor inputs can increase real GDP per capita, and there is ________ to how much increases in labor productivity can increase real GDP per capita
A) a limit; a limit
B) a limit; no limit
C) no limit; a limit
D) no limit; no limit
B
Economics
You might also like to view...
When an economy is in long run equilibrium,
a. it will be impossible to sustain the current rate of output in the future. b. the interest rate will decline. c. the foreign exchange value of the dollar will tend to appreciate. d. the actual and natural rates of unemployment will be equal.
Economics
If a nation restricts trade with other nations, then the most likely effect is:
A. Lower prices of goods and services in the nation B. Increased specialization of production C. Expanded economic wealth of the nation D. Make consumers in the nation worse off
Economics