Asked Nov 7, 2019

All of the following lead to an increase in productivity except for

a. an increase in physical capital
b. an increase in the size of the labor force
c. an advance in technological knowledge
d. an increase in human capital 

Expert Answer

Step 1

Productivity is a measure of the efficiency of production. Higher productivity leads to increased profit and therefore increased incomes. Whereas, low productivity leads to losses in business.

Step 2

The factors help to increase the productivity are listed below.


  1. an increase in physical capital
  2. an a...

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