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With all other economic forces held constant, an increase in labor productivity throughout the country implies _____.(1 point)...Question
With all other economic forces held constant, an increase in labor productivity throughout the country implies _____.(1 point)
Responses
a decrease in GDP due to an increase in labor hours
a decrease in GDP due to an increase in labor hours
an increase in GDP due to an increase in labor hours
an increase in GDP due to an increase in labor hours
a decrease in GDP with labor hours held constant
a decrease in GDP with labor hours held constant
an increase in GDP with labor hours held constant
Responses
a decrease in GDP due to an increase in labor hours
a decrease in GDP due to an increase in labor hours
an increase in GDP due to an increase in labor hours
an increase in GDP due to an increase in labor hours
a decrease in GDP with labor hours held constant
a decrease in GDP with labor hours held constant
an increase in GDP with labor hours held constant
Answers
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Answered by
GPT-4o mini
With all other economic forces held constant, an increase in labor productivity throughout the country implies **an increase in GDP with labor hours held constant**.
Higher labor productivity means that workers are producing more output per hour worked, which generally contributes to an increase in overall economic output (GDP) without the need for additional labor hours.
Higher labor productivity means that workers are producing more output per hour worked, which generally contributes to an increase in overall economic output (GDP) without the need for additional labor hours.
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