Question #29
Reading: Reading 6 Economic Growth
PDF File: Reading 6 Economic Growth.pdf
Page: 13
Status: Unattempted
Correct Answer: B
Question
Countries can increase labor productivity by:
Answer Choices:
A. improvement in technology
B. increase in labor force participation rate
C. increase in average hours worked
Explanation
Labor productivity can be enhanced by capital deepening and/or improvement in
technology. Increase in labor force participation and average hours worked will increase
the size of labor force but not labor productivity.