Why do economists consider growth in average labor productivity to be the key factor in determining long-run

Question:

Why do economists consider growth in average labor productivity to be the key factor in determining long-run living standards? LO2

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Macroeconomics

ISBN: 9780077331542

4th Edition

Authors: Robert Frank, Ben Bernanke

Question Posted: