There is such a close relationship between changes in a nation’s rate of productivity growth and changes in its average real hourly wage because if the average real hourly wage and output per worker is increasing, then the amount of output available per capita for workers to buy will be growing so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. increasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be decreasing so more can be purchased.
There is such a close relationship between changes in a nation’s rate of productivity growth and changes in its average real hourly wage because if the average real hourly wage and output per worker is increasing, then the amount of output available per capita for workers to buy will be growing so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. increasing, then the amount of output available per capita for workers to buy will be less so more can be purchased. decreasing, then the amount of output available per capita for workers to buy will be decreasing so more can be purchased.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 4P
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Question
6)
There is such a close relationship between changes in a nation’s rate of productivity growth and changes in its average real hourly wage because if the average real hourly wage and output per worker is
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increasing, then the amount of output available per capita for workers to buy will be growing so more can be purchased.
-
decreasing, then the amount of output available per capita for workers to buy will be less so more can be purchased.
-
increasing, then the amount of output available per capita for workers to buy will be less so more can be purchased.
-
decreasing, then the amount of output available per capita for workers to buy will be decreasing so more can be purchased.
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