Which of the following is likely to increase the productivity of workers in an economy?
A) The discovery of an oil field
B) An increase in the number of years of training that each worker receives
C) An increase in the aggregate price level
D) An increase in the labor force participation rate in the economy
Question 2
If the marginal propensity to consume (MPC) is 0.75 and there is an increase in planned investment spending of 0.5 trillion, then saving will
A) increase by 0.25 trillion. B) increase by 0.5 trillion.
C) increase by 1 trillion. D) remain unchanged.
Primary production increases with an increase in total phosphorus concentration.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
Creating a Continental Economy
Inferring Productivity from Data on Output and Factor Accumulation