Assume there are 100 workers and each worker produces 100 outputs. If the workforce is growing by 1% a year but productivity does not improve, how fast can output increase?

Q: What correlation lies between productivity and the standard of living?

A: The amount of goods and services produced by the average worker in an hour of work is referred to as…

Q: If a nation’s productivity grows by 3 percent rather than 1.5 percent over many years, what will be…

A: A nation's productivity refers to the level of production that the economy is able to achieve with…

Q: What is productivity? Describe the factors of productivity.

A: Productivity is the ratio of output to input which are used in the process of production. It is the…

Q: What happens to the economic growth if the unemployment rate is too high

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Q: Why does adding capital to a production function make the economy more productive? What are…

A: Adding capital to a production function can make the economy more useful in light of the fact that…

Q: What is the growth percentage between 2019-2020 and 2020-2021? What do you think the contributing…

A: Economic growth is the inflation adjustedinflation-adjusted growth in productivity. An increase in…

Q: What is the likely effect on a country's labor productivity if there is significant investment in…

A: Labor productivity shows the workforce productivity. It is the measure of the output produced per…

Q: What impact does economic growth have on the cost of living?

A: Economic growth generally refers to an increase in the production of goods and services from one…

Q: Economist believe there is a strong correlation between productivity and the standard of living.…

A: Productivity: - Productivity is the production capacity of input used. Standard of living: - it…

Q: Improvements in their productivity of labor will tend to

A: productivity of labor estimates the hourly result of a nation's economy. In particular, it outlines…

Q: improvement in the productivity of labor will tend

A: The productivity of labor refers to the number of goods and services produced by the labor at a…

Q: Define the term labor productivity?

A: Labour productivity  is the amount  of output traditional labour  turns out in an hour of work, in a…

Q: What is the relevance of productive and allocative efficiency to the growth process?

A: Economic efficiency refers to the state in which all the resources are optimally allocated to serve…

Q: Xplain how advances in technology change labor productivity. Do diminishing returns arise? Provide…

A: In a market economy, the production function links supply (such as labor and capital) to output.…

Q: Under what circumstances does labor productivity grow?

A: If the quantity of money increases, the value for money decreases. Hence, it will not account for…

Q: How does the division of labor increase productivity?

A: According to Adam Smith Division of labor is the concept where the task is divided in to different…

Q: What has happened to the rate of productivity growth over the past 50 years? How might you explain…

A: Productivity refers to the output that can be produced with the given inputs in a particular time…

Q: Why does an increase in the labor force cause the Market Productivity of Capital to increase?

A: Marketing productivity is a measure of the profit responsiveness by segment to different levels of…

Q: How is it possible for labor productivity to increase if output is falling?

A: Labor productivity means that output is produced by labor within the stipulated time in a country's…

Q: 19. Technological progress helps increase the productivity of labor, defined as the number of units…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Why don’t wages measure the full return to labor? Why is human capital the most important factor of…

A: In humàn economy capital  is the development of jobs created by education and knowledge, as well put…

Q: Which country looks like it's experiencing exponential growth?

A: explanation: А  соuntry  exрerienсing  exроnentiаl  grоwth  is  ;    А  соuntry  with  а  higher…

Q: Does improvent in technologies cause higher real wages and lower unemployment rates?

A: The unemployment rates would be the proportion of the unemployed to the total labor force times 100.…

Q: An increase in labor productivity means businesses will produce more output with the same amount of…

A: Labor productivity refers to the amount of goods and services produced by the workforce at a given…

Q: What is the reason that productivity growth affects the economy?

A: There are four main factors of production which provide factor income.  Land- Rent Labor - Wages…