If labor productivity increases, which of the following could happen? 1. employment falls 2. GDP rises...

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If labor productivity increases, which of the following could happen? 1. employment falls 2. GDP rises...

If labor productivity increases, which of the following could happen?

1. employment falls
		2. GDP rises
		3. the hours of employment per worker falls
		4. leisure time increases
		5. any of the above

business economics

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Answer 1

Answer #1

Answer

2. GDP rises

At the point when labor productivity expands, the creation work moves upward and potential GDP increments. . An expansion in populace builds the supply of labor and the supply of labor bend shifts rightward. The balance real wage rate falls and the harmony amount of employment increments.

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Answer 2

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If labor productivity increases, which of the following could happen? 1. employment falls 2. GDP rises...

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