A microeconomic production function describes the inputs and outputs of a firm, or perhaps an industry. Society can increase its output and income by increasing basically one or both of two factors: 28 years. In macroeconomics, the connection from inputs to outputs for the entire economy is called an aggregate production function. An increase in the size of the labor force The movement of workers from lower productivity jobs to higher productivity jobs would be an example of a(n): If total output in an economy is $600,000 and the total work-hours in the economy are 40,000, labor productivity is: A. Its resources and the productivity of the resources. D. Worker-hours divided by labor productivity 10. This statement is most likely to be made by a(n):Which of the following is the single most important source of U.S. economic growth?An antigrowth view would be that there may be a significant tradeoff between productivity and: To analyze the sources of economic growth, it is useful to think about a production function, which is the process of turning economic inputs like labor, machinery, and raw materials into outputs like goods and services used by consumers.
Which of the following will NOT increase the average productivity of labor? If the working-age population in an economy shrinks, real GDP can still grow if:Which of the following will NOT increase the average productivity of labor?Its resources and the productivity of the resourcesSociety can increase its output and income by increasing basically one or both of two factors:A nation's average annual real GDP growth rate is 2.5%. Labor productivity increases rapidly enough. Which of the following factors has been the dominant source of economic growth in the U.S. (except in 1973-1995)?Rightward shift of the production possibilities curveWhich of the following will NOT increase the average productivity of labor?The movement of workers from lower productivity jobs to higher productivity jobs would be an example of a(n):Which of the following is a measure of economic growth that is most useful for measuring geopolitical preeminence or military potential?The shift of labor out of agriculture to industry in the United States has tended to:The factor accounting for the largest increase in the productivity of labor in the United States has been:From 2010 to 2050, the "inverse dependency ratio" in the U.S. is expected to:If the working-age population in an economy shrinks, real GDP can still grow if:Rising real wages for women in the U.S. workforce since the 1960s have:Factors that contributed to the higher U.S. labor productivity growth in 1995-2012 relative to the earlier period include the following, except:Which of the following is a measure of economic growth that is most useful for comparing living standards?The main cause for the vast differences in per capita GDP levels seen across the globe today is the:*not: Major differences in the population sizes of various societiesEconomic historians identify which invention as a major factor that started the Industrial Revolution in Britain?Before the Industrial Revolution, living standards in the world:Supply factors in economic growth include the following, except:Trends in educational attainment in the U.S. since 1960 indicate that the percentage of adults:Completing college has been rising, and so has the percentage completing high schoolThe "inverse dependency ratio" is defined as the ratio of:The working-age population to the number of dependentsOne major economic benefit of global competition is:Critics of growth policies focus on the following arguments, except:Growth may have given us the good life, but we cannot better it anymore"Show me a pastoral society with an untouched environment, an abundance of leisure, and non-secular values, and I will show you an underdeveloped, poverty-ridden country."
An increase in the stock of real capital
An increase in the stock of real capital. By comparing the individual productivity with average, it can be identified whether a particular worker is under-performing or not. d) Crowding out. 2.
Technological progress. Which of the following will NOT increase the average productivity of labor? Which will NOT increase the average productivity of labor? Which of the following will NOT increase the average productivity of labor? Which of the following would increase labor productivity, ceteris paribus? $9 C. $13 D. $15 11. An increase in the size of the labor force. Based on the "rule of 70", the approximate number of years that it would take for this nation's real GDP to double is:Efficient financial institutions foster the flow of:Sources of increasing returns that help raise productivity growth include the following, except:Increases in the value of the product to each user, including existing users, as the total number of users rises is called:The number of worker-hours available in an economy is determined by the following, except:What economic concept would be most closely associated with a situation where an aluminum plant expands its operations and uses extensive computerization in the production line to reduce per-unit costs of production?Which of the following is best considered a demand factor in economic growth?Technological advance is very tightly intertwined with:Which of the following is the single most important source of U.S. economic growth?Growth makes the gap between unlimited wants and scarce resources less acuteOne of the basic economic defenses of economic growth rests on the conclusion that:Suppose that an economy is initially operating at a point on its PPC. Improvement in the education and health of the population. A. Labor productivity is a concept used to measure the efficiency of the worker and is calculated as the value of output produced by a worker per unit of time, such as an hour.
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which of the following will not increase the average productivity of labor?