) In the very long run, across the next fifty years, a country’s economic standard of living as measured by Real GDP Per Person can grow steadily as a result of sustained growth in one of the following two values. The correct focus of growth policy will be to promote: (a)  Labor Productivity          (b)  Total Labor Effort   2) The correct answer to Q#1 is a consequence of which feature of any country’s economy.  In the very long run, fifty years and beyond: a) Total Labor Effort (Aggregate Labor Hours) can grow faster than a country’s  Population. b) Total Labor Effort (Aggregate Labor Hours) cannot grow faster than a country’s   Population.

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