Author Question: Labor productivity, real GDP per labor hour, increases if A) saving and investment cause an ... (Read 114 times)

bobbysung · **on:** Jun 29, 2018

Labor productivity, real GDP per labor hour, increases if

A) saving and investment cause an increase in the quantity of capital per worker.
B) there is an increase in the accumulation of human capital.
C) new technologies are continuously discovered.
D) All of the above answers are correct.

Question 2

Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal?

A) an increase in the price of raisins
B) a decrease in income
C) a decrease in population
D) an increase in the price of cold cereal