1. Which of the following happens when the country's labour is more productive? a. A decrease in total factor productivity b. An increase in real wage c. An increase in real production d. A decrease in factor income

1. Which of the following happens when the country's labour is more productive? a. A decrease in total factor productivity b. An increase in real wage c. An increase in real production d. A decrease in factor income

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 1.1P

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Question

31.

Which of the following happens when the country's labour is more productive?

a.
A decrease in total factor productivity

b.
An increase in real wage

c.
An increase in real production

d.
A decrease in factor income

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