If labor's share of national income is to remain constant, then ________
A) the real wage must grow faster than labor productivity
B) the real wage must grow at the same rate as labor productivity
C) labor productivity must grow faster than the real wage
D) the combined growth rates of labor productivity and the real wage must equal the growth rate of national income
B
Economics
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What is "tax incidence"? What determines tax incidence in a competitive market?
What will be an ideal response?
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On the Solow Diagram, an increase in population growth is shown by ________
A) an upward shift of the depreciation plus capital dilution line B) an upward shift of the investment function C) an upward shift of the per-worker production function D) a downward shift of the investment function
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