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Tabitha Carrell
on Nov 11, 2024

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Which of the following will be true if employment grows faster than the population as a whole?

A) Output per capita will increase faster than productivity per worker.
B) The standard of living will increase.
C) Output per capita and productivity per worker will grow at an equal pace.
D) Output per worker and productivity per worker will remain unaffected.
E) Output per capita will increase at a diminishing rate.

Employment Growth

An increase in the number of people employed in an economy, indicating a growing workforce.

Output Per Capita

A measure of a country's economic output that accounts for its population, often used to compare economic productivity and living standards across different nations.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

  • Acquire insight into the interrelation between labor productivity, the increase in employment, and per capita production.
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JM
Jakob MorganNov 12, 2024
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