With all other economic forces held constant, an increase in labor productivity throughout the country implies _____.(1 point)

Question

Responses

a decrease in GDP with labor hours held constant
a decrease in GDP with labor hours held constant

an increase in GDP due to an increase in labor hours
an increase in GDP due to an increase in labor hours

an increase in GDP with labor hours held constant
an increase in GDP with labor hours held constant

a decrease in GDP due to an increase in labor hours

Answer 1

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.

This is because higher productivity means that the same number of labor hours is producing more goods and services, leading to an increase in overall economic output (GDP).