Is it possible to see gains in a nation's real standard of living without any positive economic growth?
A) No, a nation's standard of living cannot improve without economic growth.
B) Yes, but only if the government prints more money so people feel rich.
C) Yes, if workers can produce the same level of output in fewer work hours, so that more leisure time could push up the real standard of living.
D) None of the above: Economic growth has nothing to do with a nation's standard of living.

Question

Quizplus · Accepted Answer

If workers can produce the same level of output in fewer work hours, they can enjoy more leisure time. This added leisure time can lead to an improvement in a nation's standard of living, even without any positive economic growth.

Is It Possible to See Gains in a Nation's Real