Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries.It follows that
A) real GDP per person grew faster in Mapoli than in Romeria.
B) real GDP per person must be higher in Mapoli than in Romeria.
C) the standard of living must be higher in Mapoli than in Romeria.
D) All of the above are correct.
Correct Answer:
Verified
Q4: Given that a country's real output has
Q5: Which of the following statements is true?
A)Productivity
Q6: Which of the following is not correct?
A)Countries
Q7: Which of the following can explain faster
Q8: Which of the following is a correct
Q10: Suppose that real GDP grew more in
Q11: Productivity is defined as the quantity of
A)labor
Q12: Over the last ten years productivity grew
Q13: In one day Alpha Cabinet Company made
Q14: For a given year,productivity in a particular
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