True or false?
(i) Nominal GDP per person is often used as a key indicator for
a country's living standard and economic growth.
(ii) According to the diminishing returns to capital, providing
a constant number of workers with additional capital equipment will
cause output to decrease.
(iii) A rise in human capital will raise labor productivity but
not affect total factor productivity.
True or false? (i) Nominal GDP per person is often used as a key indicator for a country's living standard and economic
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