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Consider the following equation: average hours worked worker employment population real GDP real GDP hour worked person Suppose an economy has a low birth rate. What will this do to labour productivity? Select one: a. increase O b. no change O c. decrease 3.

Consider the following equation: average hours worked worker employment population real GDP real GDP hour worked person Suppose an economy has a low birth rate. What will this do to labour productivity? Select one: a. increase O b. no change O c. decrease 3.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider the following equation: real GDP hour worked average hours worked worker real GDP еmployment population person Suppose an economy has a low birth rate. What will this do to labour productivity? Select one: O a. increase O b. no change O c. decrease 3.
Transcribed Image Text:Consider the following equation: real GDP hour worked average hours worked worker real GDP еmployment population person Suppose an economy has a low birth rate. What will this do to labour productivity? Select one: O a. increase O b. no change O c. decrease 3.
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