Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 20, Problem 6P
To determine
To explain:
Whether a country can experience fall in population and rise in real
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During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labor productivity?
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If economic output is increased by increasing the number of people working in the economy, then *
Both GDP per capita and labor productivity will increase
Both GDP per capita and labor productivity will decrease
Labor productivity will increase
GDP per capita will increase
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- Could a country experience a fall in population and a rise ib real gdp at the same timearrow_forwardIf a nation's real GDP is growing by 6 percent per year, its real GDP will double in approximately ________. Answer to 2 decimal places.arrow_forwardUse an example to explain why, after periods of rapid growth, a low-income country that has not caught up to a high-income country may feel poor.arrow_forward
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