Which of the following statements is FALSE? 1. Labor productivity and the percentage of people working are both positively related to real GDP per capita. 2. If real GDP grows by 2% and population also grows by 2%, then real GDP per capita stays the same. 3. If population grows faster than real GDP, then labor productivity must be falling 4. Productivity growth is the driving force behind growth in real GDP per capita.
Which of the following statements is FALSE? 1. Labor productivity and the percentage of people working are both positively related to real GDP per capita. 2. If real GDP grows by 2% and population also grows by 2%, then real GDP per capita stays the same. 3. If population grows faster than real GDP, then labor productivity must be falling 4. Productivity growth is the driving force behind growth in real GDP per capita.
Chapter16: Economic Growth
Section: Chapter Questions
Problem 5E
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Which of the following statements is FALSE?
1. Labor productivity and the percentage of people working are both positively
related to real
2. If real GDP grows by 2% and population also grows by 2%, then real GDP per capita stays the same.
3. If population grows faster than real GDP, then labor productivity must be falling
4. Productivity growth is the driving force behind growth in real GDP per capita.
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