xplain why U.S. potential GDP per worker per week is greater than that in Europe. Vhat could induce Europeans to work the same hours as Americans and would that close the gap between potential GDP per worker in the two economies? J.S. potential GDP per worker per week is greater than that in Europe because O A. U.S. workers work fewer hours on average but they are more productive than Europeans O B. U.S. workers are more productive per hour of work and they work longer hours than Europeans Oc. the supply of labor in America is smaller than the supply of labor in Europe OD. the United States uses less capital but they use it more effectively

xplain why U.S. potential GDP per worker per week is greater than that in Europe. Vhat could induce Europeans to work the same hours as Americans and would that close the gap between potential GDP per worker in the two economies? J.S. potential GDP per worker per week is greater than that in Europe because O A. U.S. workers work fewer hours on average but they are more productive than Europeans O B. U.S. workers are more productive per hour of work and they work longer hours than Europeans Oc. the supply of labor in America is smaller than the supply of labor in Europe OD. the United States uses less capital but they use it more effectively

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Explain why U.S. potential GDP per worker per week is greater than that in Europe.
What could induce Europeans to work the same hours as Americans and would that close the gap between potential GDP per worker in the two economies?
U.S. potential GDP per worker per week is greater than that in Europe because
O A. U.S. workers work fewer hours on average but they are more productive than Europeans
O B. U.S. workers are more productive per hour of work and they work longer hours than Europeans
C. the supply of labor in America is smaller than the supply of labor in Europe
O D. the United States uses less capital but they use it more effectively
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