True or false? (i) Nominal GDP per person is often used as a key indicator for a country's living standard and economic
Posted: Sat Feb 19, 2022 2:42 pm
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.
(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.