Increase in output without a proportional increase in workers.

Question

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Answer 1

Question

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.

Economics Concept Introduction

Total output: It is the sum total of all final goods and services produced in an economy.

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Answer 2

Question

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.

Economics Concept Introduction

Total output: It is the sum total of all final goods and services produced in an economy.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.

Economics Concept Introduction

Total output: It is the sum total of all final goods and services produced in an economy.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.

Economics Concept Introduction

Total output: It is the sum total of all final goods and services produced in an economy.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.

Economics Concept Introduction

Total output: It is the sum total of all final goods and services produced in an economy.

Answer 6

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.

Economics Concept Introduction

Total output: It is the sum total of all final goods and services produced in an economy.

Answer 7

Chapter 16, Problem 1P

To determine

Increase in output without a proportional increase in workers.

Answer 8

Expert Solution & Answer

Explanation of Solution

United States is a capital intensive nation, where labor is substituted for the capital. Therefore the productivity will increase without the increase in workers. Therefore, United States can produce more output with fewer workers.